Rupee headed for 45 level and India going into a big bull market says one of the paid town criers, today on a T.V. channel's website. Indians are known to be fatalistic, but incurable optimistic that is a new one.We always believe that the sky will fall on our heads hence we save and cringe on our comforts for a better tomorrow. But thinking that the Rupee will go towards 45 because Modi will win, overnight our factories will churn out goods at a faster pace, people will work harder to give more services. IT. companies will double their orders overnight,and if it goes to 45 that would mean Infosys and TCS will move to Zimbabwe, as they will become unprofitable at these levels working out of India.Our export market which is still not competitive enough would stop functioning.He will be happy about it I presume.The only reason why our Pharma companies are being tolerated world over is that they are cheap, imagine raising prices by 30 percent and with the quality issues they have.
Now we know this crier has not applied his brains where it is required to be applied.For rupee to reach the 45 levels our economy has to go into a growth mode of over 9.5 percent or more for few years. China is struggling to touch 7.5 this year.We now have some thing like 11 billion dollars in hot money which has flowed in this year. At the first sign of trouble they will disappear and guess where rupee will be.Any school kid can tell you what is in store.
It is people like this who go around shooting their mouth off for their 15 mins of glory on some T.V. channel and pretend that they have been endowed by divya dhristi, and can see what happens, as if they were seeing a movie.If things were that simple in life, the world would have been a better place to be in .
For all the town criers and soothsayers on t.v. channels and various web sites.Think before you utter or write , any words, and judge the effect it would have.Reminds me an add of a soft drink called CANADA DRY....it was displayed behind buses on the streets of London. The line was "DRINK CANADA DRY" the next day there was a big line outside the Canadian Embassy in London , of people wanting to migrate to Canada, and drink it dry.
Now we know this crier has not applied his brains where it is required to be applied.For rupee to reach the 45 levels our economy has to go into a growth mode of over 9.5 percent or more for few years. China is struggling to touch 7.5 this year.We now have some thing like 11 billion dollars in hot money which has flowed in this year. At the first sign of trouble they will disappear and guess where rupee will be.Any school kid can tell you what is in store.
It is people like this who go around shooting their mouth off for their 15 mins of glory on some T.V. channel and pretend that they have been endowed by divya dhristi, and can see what happens, as if they were seeing a movie.If things were that simple in life, the world would have been a better place to be in .
For all the town criers and soothsayers on t.v. channels and various web sites.Think before you utter or write , any words, and judge the effect it would have.Reminds me an add of a soft drink called CANADA DRY....it was displayed behind buses on the streets of London. The line was "DRINK CANADA DRY" the next day there was a big line outside the Canadian Embassy in London , of people wanting to migrate to Canada, and drink it dry.