Business Daily from THE HINDU group of publications Wednesday, May 30, 2007 ePaper |
|
|
|
|
|
|
|
Opinion
-
Letters Rupee appreciation
The article "Exports more than rupee's worth" (Business Line, May 25) gives the impression that irrespective of the rupee's appreciation, Indiais witnessing export growth. The general growth figures cannot be taken for analysis of specific industries. For example, the IT sector, which is service-oriented, will not face growth problems. However, the garments and textile industries, where the margins are fine, runs the riskof being wiped out in three-four business cycles. A continuing appreciation of the rupee by 12 per cent within a quarter makes it difficult for the manufacturing exporter, who has to further offer his quotations to match the competitive range of suppliers from other countries. N. Radhakrishnan Tirupur
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters | Forex
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|