CA. Rajesh P. Ahir

Enoghf. now change the POLL

nikesh

Gopi P

What is this question? such a silly one... not expected

NIHAR RANJAN

JOBS OF FE CONSULTANTS,ECONOMIC ADVISORS,MAFIA WILL GROW. COUNTRY IN DOWN SITUATION.REASON IS OUR MANMOHAN IS SILENT.NO KARISMA.THESE HAVE LED TO UR QUERY. REGARDS

vivek

Hari Kishore

NO, IT'S CREATE PROBLEMS TO INDIAN ECONOMY

Ganesh

ya

Mosinkhan K Mansuri

I Hope our ministry people work together not work like anemy.

CA SOHAM SHUKLA

Dear Admin, such "silly" questions are not expected on your portal.

shraddha

Chandraprakash Rao

Ankit jain

Srikanth

Being our Country having more imports than Exports ultimately we need to pay loss for it.

Vikas Tiwari

Sonia Dawar

Trips

As for its 80% of oil requirements india dependent on import of its.

ARJUN KUMAR KUSHWAHA

its not good for indian economy at all!!!!

JAVEED SYED

NO

JAVEED SYED

NO

DEEPAK KUMAR SHARMA 9808422867

noooooooo

Vashisth Narayan

no no no

Bishwajeet Singh

That cause Increase in cost of impost of cured oil results in hing subsidy on petrolium products

NAVEEN GARG

CA Bharat Patel

Professionals are unemployed

modhu ram

shyam ashok rathi

no

Ronak Dagliya

Bharath M J

Because our Economic Status too Low other wise we use Dollars its batter

Vashisth Narayan

absolutely nooooooo

SURAJ JOSHI

Hike in petrol prices is only because of falling rupee.

NISHA AGARWAL

NO...

s.b.manikandan

this is def nta hlty sign for devlp ecy.

HALVI VARADARAJ

not good

Arpit Singh Chaudhary

it shows how the govt is all into the economy.... false promises and fake replies... "India's economy is good"... thats rubbish... plainly it shows... corruption at its top level..!! :(

sanjeev

depreciation of Rs against foreign currency is risky to economy

avilash

India continued to be one of the stable economies of the world....then why rupee value is degrading????????

CA Priyaadarshini

This will affect industries, business people and common man as well..not a good sign

CA Mohit Agrawal

Murali

falling rupee is continuos rich will get richer ,poor will get poorer.

DEEPAK KUMAR SHARMA 9808422867

no

raghavendhra reddy

it reveals poor governing structure of indian economy

raghavendhra reddy

it reveals poor governing structure of indian economy

sur

satish kumar voleti

Gopal

Deepak Dubey

as price of imported items will increase on account of fall of rupee in respect of dollor.

kailash soni

thilagar

no comments

ranjith

not good for indian economy

Chhaya Biyani

No

Manoj B. Gavali

Indian politicians busy in earning forex in swiss bank.. rather than generating for country... They dont have any bother abt our BOP position and fiscal deficit which is goes worst and worst... Its really a time to see indigenous resources as much as possible rather than importing everything from outside. Coz rise in imports is not in consonance with export rise resulting in BOP damage.

praveen gupta

decline of value of Indian money responsible for raising prices for import trade while it suits for exporters but it's impact only for capitalist not for ordinary persons while falling value of Indian money impact all the peoples as petrol rates hike and some other resources what we imported from other countries. so i think falling of prices is not good to all. thank you.

Praveen Jain

According to agricultural status of Indian Economy, we are purchasing grains from international market and if the rupee falls then we'hv to pay much far amount for that and it affects Indian people budget. So paying much amount for any item is not an ecstacy for anyone.So falling rupeeis not good for Indian Economy.

sushant karade

Sumit Jain

I think it dosnot matter whether Indian Rupee is falling or not... Because corruption will not decrease with increase or decrease in value of Rupee. When corruption will decrease then only Indian Ecomomy will improve...

allagaddaanilkumar

*RENU SINGH *

obviously no ... because India is being shown as a poor debtor day by day ...If this process goes in the same way ..don't know how will our country will survive in facing the world class competition.

vijayaggarwal

leading to rise in inflation and also not beneficial for exporters in long run

Ganesh

Mohanish Shah

import get reduced

Sahil Garg

gulab jha

It is bad situation to our country time. it must be handle before bad to worse situation......

Pawan Goel

Appreciation in ruppee above 55 is dangerous to the economy

Mayank Shah

Manoj Mohanan

Its a cycle....And one impact can effect all other things in the economy..Fall in Rupee lead to rise in petrol prices...and ofcourse the goods and services prices will soar...inflation up..thn...again fall in rupee...:(

Sourav Singh

P VEDAVALLI

Devaluaion of repee increases inflation.

Anand Kumar Singh

Narendra Kumar Bansal

CA. Rajesh P. Ahir

NO

Karthikeya2020

Ekta Arora

Vikas G. Telrandhe

Dinesh verma

because only after that govt. will look over this matter seriously

Dinesh verma

because only after that govt. will look over this matter seriously

CA Himanshu Khurana

Loss to indian economy

Pankaj

Rahul jha

IT WILL DAMAGE OUR EXPORT BUSINESS DRASTICALLY

Ravikant

This Poll is so illogical, some Kids have answered Yes and Cant'say. Please put some good poll.

Vinod U Bohra

no

Updesh Tomar

Its not good for the economy at all govt should take steps to check it.

Gaurav Kumar Parihar

No, each & every thing which is coming outside the country become more expensive.

Gaurav Kumar Parihar

Gaurav Kumar Parihar

ayeshwaryaa

Honey

Since our import bill is more than export bill, hence falling rupee hurts more

modhu ram

Ankit

hike in the price of petrol will surelu make an impact on the prices of other commoditites whether it consumable or for use...that will surely make a negative impact in current srategy...

Manali Bhagtani

1 of the many reasons: Since Imports are more than exports, it is not in the interest of Indian economy.......this will make imported goods like oil, gold, petrol, etc.costly

tpa_satara

most important segment of the India Inc. is Crude oil so lower the rupee higher the foreign exchange deficite

Gurpreet Singh

yes

CA Ghanshyam Joshi

if we are net USD earners then it will help in improving our economic but we are net USD payers hence we have to pay more rupee to pay the same USD value.

abhi

decreasing all over the value of india.

M.K.AGGARWAL

It's harmful for indian economy & indian people.

vimlesh kumar

CA Mukesh Jain S

We are going to loose on monetary aspects

Srinivas Rao Bitla

anoop

Rupee value shows the state of indian economy. Its fall should be controlled by taking appropriate actions.

ashish

Dharamveer

kyonki amir admi aur amir ho raha hai aur garib aur gareeb hota chala ja raha hai. jiske pass hai, use khud nahi pta hai ke uske pass kitna hai, aur jiske pass nahi hai uska bechaare ka to poocho hi mat ki shamm ko wo khana bhi khaayega ya nahi

Dharamveer

kyonki amir admi aur amir ho raha hai aur garib aur gareeb hota chala ja raha hai. jiske pass hai, use khud nahi pta hai ke uske pass kitna hai, aur jiske pass nahi hai uska bechaare ka to poocho hi mat ki shamm ko wo khana bhi khaayega ya nahi

Saravanan

surya kant kumar

Manthan Dave

Thanks for sharing Awesome information Swati...!! I would give a conclusion to your comment here.. It is true that falling rupee value has its pros and cons. The harms that it brings are actually ten times severe then what it makes us gain. The increase in realization of dollar dominated revenues of IT companies as per your example is not so much inline with the countries interest when it is compared to the increase in prices of almost all the commodities which satisfies the primary needs of nation. No doubt the there will be a boost to the domestic travel sectors instead of foreign destinations but when the basic needs will be so much expensive, I doubt there will be any increase in leisure activity of our country at all. And Morever the domestic touring too will be much more expensive due to increase in petrol prces and as a consequent increase in prices of all other related sectors. The gist is; the price rise as result of drop in Rupee value is extremely harmful to the economy and to all of us. I wonder how our Govt will fight with the imbalance on payments this will create.

Manthan Dave

Thanks for sharing Awesome information Swati...!! I would give a conclusion to your comment here.. It is true that falling rupee value has its pros and cons. The harms that it brings are actually ten times severe then what it makes us gain. The increase in realization of dollar dominated revenues of IT companies as per your example is not so much inline with the countries interest when it is compared to the increase in prices of almost all the commodities which satisfies the primary needs of nation. No doubt the there will be a boost to the domestic travel sectors instead of foreign destinations but when the basic needs will be so much expensive, I doubt there will be any increase in leisure activity of our country at all. And Morever the domestic touring too will be much more expensive due to increase in petrol prces and as a consequent increase in prices of all other related sectors. The gist is; the price rise as result of drop in Rupee value is extremely harmful to the economy and to all of us. I wonder how our Govt will fight with the imbalance on payments this will create.

Manthan Dave

Thanks for sharing Awesome information Swati...!! I would give a conclusion to your comment here.. It is true that falling rupee value has its pros and cons. The harms that it brings are actually ten times severe then what it makes us gain. The increase in realization of dollar dominated revenues of IT companies as per your example is not so much inline with the countries interest when it is compared to the increase in prices of almost all the commodities which satisfies the primary needs of nation. No doubt the there will be a boost to the domestic travel sectors instead of foreign destinations but when the basic needs will be so much expensive, I doubt there will be any increase in leisure activity of our country at all. And Morever the domestic touring too will be much more expensive due to increase in petrol prces and as a consequent increase in prices of all other related sectors. The gist is; the price rise as result of drop in Rupee value is extremely harmful to the economy and to all of us. I wonder how our Govt will fight with the imbalance on payments this will create.

Manthan Dave

Thanks for sharing Awesome information Swati...!! I would give a conclusion to your comment here.. It is true that falling rupee value has its pros and cons. The harms that it brings are actually ten times severe then what it makes us gain. The increase in realization of dollar dominated revenues of IT companies as per your example is not so much inline with the countries interest when it is compared to the increase in prices of almost all the commodities which satisfies the primary needs of nation. No doubt the there will be a boost to the domestic travel sectors instead of foreign destinations but when the basic needs will be so much expensive, I doubt there will be any increase in leisure activity of our country at all. And Morever the domestic touring too will be much more expensive due to increase in petrol prces and as a consequent increase in prices of all other related sectors. The gist is; the price rise as result of drop in Rupee value is extremely harmful to the economy and to all of us. I wonder how our Govt will fight with the imbalance on payments this will create.

Manthan Dave

Thanks for sharing Awesome information Swati...!! I would give a conclusion to your comment here.. It is true that falling rupee value has its pros and cons. The harms that it brings are actually ten times severe then what it makes us gain. The increase in realization of dollar dominated revenues of IT companies as per your example is not so much inline with the countries interest when it is compared to the increase in prices of almost all the commodities which satisfies the primary needs of nation. No doubt the there will be a boost to the domestic travel sectors instead of foreign destinations but when the basic needs will be so much expensive, I doubt there will be any increase in leisure activity of our country at all. And Morever the domestic touring too will be much more expensive due to increase in petrol prces and as a consequent increase in prices of all other related sectors. The gist is; the price rise as result of drop in Rupee value is extremely harmful to the economy and to all of us. I wonder how our Govt will fight with the imbalance on payments this will create.

Manthan Dave

Thanks for sharing Awesome information Swati...!! I would give a conclusion to your comment here.. It is true that falling rupee value has its pros and cons. The harms that it brings are actually ten times severe then what it makes us gain. The increase in realization of dollar dominated revenues of IT companies as per your example is not so much inline with the countries interest when it is compared to the increase in prices of almost all the commodities which satisfies the primary needs of nation. No doubt the there will be a boost to the domestic travel sectors instead of foreign destinations but when the basic needs will be so much expensive, I doubt there will be any increase in leisure activity of our country at all. And Morever the domestic touring too will be much more expensive due to increase in petrol prces and as a consequent increase in prices of all other related sectors. The gist is; the price rise as result of drop in Rupee value is extremely harmful to the economy and to all of us. I wonder how our Govt will fight with the imbalance on payments this will create.

swati

There have been recent reports about how the Indian economy is pegged to grow at 7.5% in 2012, depreciation in the value of rupee is not a good sign. 1. One of the first hits that the economy takes when rupee tumbles is the rise in cost of imports. India imports roughly 70% of its crude oil requirements and a falling rupee means that the government will have to pay more. Although oil and petroleum prices are controlled, the end consumer may very well bear the brunt of this increase in costs. 2. US Dollar Vs Indian Rupee [ 1 Year Chart] In fact, Petroleum Minister S Jaipal Reddy talked about an immediate increase in fuel prices yesterday when the rupee dipped to new lows. He said "If rupee depreciates by one against the US dollar, our oil companies lose Rs 8,000 crore (annually)" 3. Some Negatives of Falling Rupee (i) We know that higher fuel prices can spiral into increase in inflation as industries across the board take a hit. This dreadful cycle of higher costs for crude oil resulting in losses for government units and higher fuel costs for industries and the end consumer is a challenging situation for the Indian economy. (ii) The falling rupee also hits companies which rely heavily on foreign currency outflows to keep business operations running. Take for example the airline industry. For airlines that service international routes – International airport fees, lease of airplanes, salaries of expat pilots, jet fuel prices and many more relatively fixed costs are dollar driven. Such outflows in dollar terms become costlier when realized when local currency falls. (iii) A further hit in demand for foreign travel is taken as the common man is likely to cancel outbound overseas trips during these times. Flights, hotel stays and every other service in foreign countries becomes more expensive as the purchasing power of rupee falls. (iv) Even domestic airlines scramble to keep fuel and airline lease costs under tab by implementing measures like avoiding flying at high altitudes, sourcing cheaper on-flight meals, hire local pilots and taxing aircrafts with one engine only. (v) A falling rupee is also bad for the share market as the negative trend not only portrays a grim picture from a pure number crunching approach but also weighs in on investor sentiment. Foreign Institutional Investors (FII) may suddenly go on sell mode if fear of future losses outweighs likelihood of gain. (vi) On the upside, times like these are excellent buying opportunities. The stock market is currently trading in the vicinity of 4 month lows and blue chip stocks are bottoming out. There could be an enormous gain potential for such stocks in the long run. Investors who have made their millions from the share markets wait month after month for opportunities like these to buy-in at lower prices and sell when markets rebound. 4. Some Positives of Falling Rupee (i) In the midst of this chaos as the rupee tumbles, industries with dollar dominated revenues may in fact benefit from the depreciation of local currency. A prime example is the Indian IT sector which relies heavily on overseas revenue. (ii) As a majority of revenue comes from overseas markets, companies like Wipro, Infosys, TCS, etc may witness higher realization of their dollar dominated revenue. However with low global demand and weaker growth forecasts, the full potential of the upside of rupee depreciation for the IT sector is yet to be seen. (iii) Sectors like domestic travel could witness a boost as travellers will prefer to stay away from foreign destinations where they will get a subdued bang for their buck for the time being. Even Indian expats living and working abroad benefit from rupee depreciation. If they are paid in dollars, the realization potential of their salary in rupee spikes. The rupee has lost about 22% since the beginning of 2012 and more than 11% since February this year. Certain analyst camps blame the downfall on global concerns while other claim domestic woes are fuelling the drop. The government and mainly the RBI will need to intervene and clamp down on the sliding rupee to add stability to already volatile markets. The poor performance of rupee is a drag on the Indian economy however there are definitely certain upsides to a falling currency which represent gain opportunities if investment decisions are taken at the right time.

MUKESH MAHARAJ

All other asian currecncies are very strong except indian rupees. Govt.must be plan for our currencies be stronger.

JAIN NIKITA PAWAN

not at ol, cz due to dis petrol prices hv raised by rs.7.5/- n ultimately wl gv rise to inflation!

Ankit

it is not good for our economy ,that causes rises in prices and whole burden is pooled on common man ...

Panchakshar V Mushan

KRISHNAPRASAD IYER

Soumya

Definitely not good.... Imports have to be curtailed, we general public can do our part by purchasing Indian goods than imported. . Stop using branded products, encourage Domestic markets!!!

CA.Vinita Gupta

Bhanu Prakash Rao Surabhi

Due to this..Petrol prices have been hiked by Rs 7.50 per litre effective 12 am, May 24. Petroleum Minister, Jaipal Reddy had earlier in the day announced that an oil price hike was imperative as state run companies have incurred heavy losses to the tune of Rs 72,000 crore with the rupee land sliding to Rs 56 to a dollar..

ramakrishna

miss tanveer ahuja

Ananta Roy

Falling rupee value is not a good opsition for Indian, Poor & middle class people will be affected at first.

friendclub.cool

NO

Shiva

Shiva

Nikhil R Sabadra

nishant

girrkntgigh

nishant

Vinod U Bohra

No

Rudra

purchasing power of money come down

preeti

CA.SANJAY VERMA

NO

Hasmukh Kothari

no

yogesh chajjer

yogesh chajjer

CA Manish Sharma

this is not good for Indian economy

AMIT AGARWAL

VIRAL SARVAIYA CA

RAKESH KUMAR

no

Ayushi

Pranjal Nagar

India following the path of greece

SANYAM ARORA

The ones who are voting for Yes - Can anyone from them explain me how is it good for our Economy ?

MAYURA

NO, PURCHASING POWER WILL GO DOWN

sam

S abdulmazeed

kundan kumar

kundan kumar

kundan kumar

Ankit Garg

it is not good for our indian economy?

Anil Sharma

not good for economy particularly for petroleum and IT sector

CA PRATIK AGRAWAL

TARUN

a

Rahul Bansal

Purchasing Power Of Indians Will Go Down

Jaganendu more

abeed hussain

India is depended on imports, so we can reduce the imports by liberalization and our govt. maintain own industries what we are imports.

Vikas Singh

CA Ramesh gupta

Marshall Sarkhedi

Anushree

chandu

not at all

abhisek

no

Akshet Jain

prateek aanchalia

rupee down than indian economy going to downtrend..

Manali Bhagtani

also, imported goods will be expensive...

Manali Bhagtani

Due to huge imports....depreciating rupee is not beneficial

mokshita shah

Gaurav Aggarwal

RIZWAN AKHTAR

B Ravi Kumar ACMA, MBA, M Com

suraj prasad

shaikyaqoob

country development

Srinivasulu

.

Srinivasulu

.

RAMMOHAN MAARTHA

ITS NOT GOOD FOR ECONOMY

Anshul Mittal

It is raising cost of living...

rajeev ranjan

Anshul Mittal

It is raising cost of living...

GANESH PRASAD

what r doing our ecconomist PM and Finance Minister ? he is busy to support in corruption

GANESH PRASAD

what r doing our ecconomist PM and Finance Minister ? he is busy to support in corruption