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Rupee Appreciation n IT industry

ICFAI Business School (IBS) Student Community Forum Index -> Functional Discussions -> General Management - Discussions

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Anand (-=hidden=-)
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Joined: 28 Apr 2007
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IBS Campus: Gurgaon
Batch Year: 2006-2008

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Home Town: Gumla

Posted: Tue Jun 26, 2007 12:48 am Post subject: Rupee Appreciation n IT industry

These days our rupee is getting stronger n stronger w.r.t. to USD. This is affecting the profits of IT companies which are concentraded to US market. Let me tell you 60% (approx) of the total IT production goes into export and 80%(appx) of that goes to US. In your opinion what should be the govt. intiatives to help these companies which are constituting 7-8:% of total GDP???

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