Rising rupee is good for India. Vested interests are opposing the rise of the rupee. Exporters want a week rupee. Exporters have benefited over the years. The cost of dollar went up from 3.36 to 4.76 to 7.50 to 49.09 rupees. At the time importers suffered losses. No attention was paid to them. Now dollar…
Tag: Indian Economy
Indian economy
I read about the booming economy of India. Sensex may have gone up. Salaries of some people may have doubled or trebled. For me it is not a happy situation. Three years have seen rise in prices. Item 2003 2006 Bread 8.00 10.00 Milk (half litre packet) 7.50 9.00 Bus fare (from EC to Vasai…