The Hindu Business Line : Weak rupee, at what cost?

This is with reference to the article, ‘Weak rupee not the cure-all’, which appeared in Business Line dated July 19. Indian companies always look to the ‘hand’, not only for doing business but also for staying afloat.

The author has drawn attention to the Total Factor Productivity (TFP) of China, and where we stand. Every sop the government hands out increases the cost to the economy.

Indian companies should not only evolve but also have suitable risk mitigation processes in place. The present scenario should be managed by forex experts and not resolved by the government.

The author rightly points out that the government should focus on improving the supply side by providing better infrastructure rather than tinkering with its fiscal policy.

B. Sairam Chennai

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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