If prices of rupee were kept higher, vis a vis dollar, then wud u have not got orders ? /// no. will get orders. but i am forced to quote the lower prices in dollar or euro terms. or the overseas importer forced to reduce the volume /// Does lower rupee, in any way help in procuring more orders in qauntity terms ? /// yes... lower the prices increase the volume. the rupee depreciation will only benefit the exporter who undertakes the order at lower level in $/� terms some months ago but exporting now. fresh orders are facing the problem of price revision due to rupee depreciation. importers doesnot bother about our domestic inflation.///...

IS it the fault of the system alone that our population is nto frugal or do we have ourselves to blame ? We cant curb the desires or ambitions of people, but when these ambitions or desires come without adequate hard work it leads to what we see today,, I dont blame the system alone, the people need to take equal share of the blame if not more....

BW ji, the subsidy is a tricky subject, we have huge duties on petroleum.. Now some may say remove duties and keep prices stable, does anyone know the % of Government revenues that come out of Petroleum Duties alone ? IF duties removed and subsidies removed net effect on Budget Deficit will be zero, and we will have more % reduction in revenue than Expenditure as expenditure is larger.. That is a bid dilemma to deal with.. They have lowered Poverty line and say Poverty has reduced. They are dumb and so are the people who believe them.. Our Economy has indeed Grown for the Corrupt and rest on Paper. Maybe some small sections of the Society may have gained but overall nothing substantial.. We have more cars than roads is true and that is an issue, but the country is kangaal not enough money to even make roads now unless Swiss Banks give back our money.....

If PTS is very good, people will NOT use Cars / Two Wheelers for transport, Petrol consumption in Petrol Republik will be low, Petrol Republik has to pay its babus and feed its brothers - how can they do this. Keep PTS in Shambles !...

We need $ because we are driving a Consumption economy which is fueling consumption of items we do not have and have to import.. We want higher consumption for huge population and do nto want to improve investment and still do not want to spend $ ? Im sorry but can we have the cake and eat it too ? Lets accept the reality of the fact that our Growth Model is shaping up in a wrong way rather than blame a Strong $ which is a reflection of free market demand supply.. Its easy for India and always has been to Export our problems and say it is $ people troubling us, this that blah blah.. Problem is local and the solution should be local too....

Dear BW wrong theories promoted by some people may not be believed.. IF a Country wants to import more than Export Currency will depreciate.. China is forcefully keeping it low despite higher exports, we can not compare apples and oranges.. I am a firm believer of demand-supply i dont care who writes what theories or studies they have little relevance in the real World unless written without a Bias in mind towards a particular thought process.....

Dear BW , We import Inflation because our country is becoming lazy does not want to work and eat free ka khana. IF there is not enough local production to meet our demands we will import ofcourse.. We do not have Crude Oil Reserves but we are not willing to produce anything to compensate it, we cant blame others for our problems always Introspection a must.....

dear bookworm, you have written what I also thought, means most of the right thinking persons feel, our leaders just choose slogans like socialist, garibi hatao , in practice just do opposite. every week our PM will say we are committed to weed out corruption and we see each day a new scandle coming out of cupboards of this govt. ...

Socialism is good if it is implemented in true spirit &limited extent.When you don`t want to work,you have to devalue your currency,your soul,your self for survival.China chose self respect & hard work.I don`t mean to say China is all goody-goody.It has flaws,but comparatively China model(& their leaders) is much better than India.It is the success & failure which distinguishes between good & bad.Subsidies are never meant for 1000 years.Subsidies must STOP now....

Stop buying gold as household investment,banks deposits are better alternative.Stop unnecessary subsidies.Have a powerful PM.President should be from people like Ratan Tata,Narayan Murthy,Abdul Kalam etc but purely nonpolitical & great vision....

We need $ because we are driving a Consumption economy

----------------------------------------------------

What has fuelled consumption ?

Instead of going for nimboo paani, cane juice, why ppl ask for cold beverages....and similar is the case of artificial (non desireable) demand of score of other items ?

Why Frugality not approached ?

The day is not far off, when they will ask "AUSTERITY", and then there will be more chaos, as in greece ?...

If prices of rupee were kept higher, vis a vis dollar, then wud u have not got orders ?

Does lower rupee, in any way help in procuring more orders in qauntity terms ?

Pls share Ur first hand experience....

MY view has always been our Economy has grown simply on the back of global Money printing in the past decade..

-----------------------------------------------------

Our economy has grown on paper, which yeilding more revenue for netas and babus to loot.

BW has not seen any growth commesurate with the growth of revenues.

Moreover, if we had grown in reality, we would not have had HYPERINFLATION, from 2003-2004 onwards, which was camouglaged in data then published....

In the real world imbalances in demand and supply can be created.

We had lot of demand for cars, but were producing less for good, now see the fate, more cars, w/o roads, and even selling petrol at twice the price in USA, we say we are at a loss, and also give a false impression to the public, that we are subsidising it ?

So in a real world demand and supply can be modulated for all the wrong reasons ?

For instances, the prices of maurang and sand have gone up 4-5 times in UP in past 3-4 months, has the demand increased commensurate with it. If U say that it is in short supply, then try it, there is no dearth of supply, if U pay 4-5 times, so one does not get it.

Dr. MS says that UPA has reduced poverty, if one believes it, then perhaps he is dreaming or is a dud ?

They change the definitions, and try to justify non acomplishments as acomplishments.

Apna report card khud banewale,
apni peeth aap hi thap-thapanewale,
Apne aap hi, khud mia mittu batane wale,
yeh andhey aur madandh UPA wale .....
...

Why did not our planners go in for developement of public transport systems, instead of promoting cars ?

Why we need dollars, when we have such a large population ?

Why we have to buy them at higher price, than it is good for the country?

why cud we not emulate china, in keeping our currency, and did it stop inflow of F. excahnge there ?

To me it seems, what BSR was writing, is more probable.

Indians have been taken for a ride, by the powers that be, in connivance with our netas and babus.

That is my perception....

In 1966-67, when IG was forced by powers that be,

became annoyed and turned socialist, and for that ammended the constition with 2/3 majority, to include SOCIALIST in the preamble.

After her death, when RG became the PM, then the powers of the world had ppl in dli, and liberalisation was talked about.

in 1991, they got an opportunity and had a strong hold in Delhi.

But what fascinates me, is that w/o changing the preamble to the constitution, they usher in capitalism, then what is its locus standi, in view of action of IG.

Further, the devaluation of rupee started from there, and we started importing inflation.

When China did not devalue its currency, then did it not get FDI ?

When a trader, buys something costly, can he survive for long.

We have unnecessary devalued our currency. We promoted Car, its usage increased many fold, and now we are spending 70% (abt) fexch on importing petrol.

Ghar mein nahi daane amma chali bhunane !!!! ...

Ban travelling by cars,

for most (abt 70%) of it spent on petrol.

and to put an end to fiscal deficit, slash the pays of Netas and Babus, and if they are patriot, they will do it.

We have fiscal deficit, current account defict, last but not the least, deficit of TRUST of the ppl, in the present govt.

We have abundance of Corruption, scams, ....

baki aap log bhi to batao !!!...

In the real world imbalances in demand and supply can be created.

We had lot of demand for cars, but were producing less for good, now see the fate, more cars, w/o roads, and even selling petrol at twice the price in USA, we say we are at a loss, and also give a false impression to the public, that we are subsidising it ?

So in a real world demand and supply can be modulated for all the wrong reasons ?

For instances, the prices of maurang and sand have gone up 4-5 times in UP in past 3-4 months, has the demand increased commensurate with it. If U say that it is in short supply, then try it, there is no dearth of supply, if U pay 4-5 times, so one does not get it.

Dr. MS says that UPA has reduced poverty, if one believes it, then perhaps he is dreaming or is a dud ?

They change the definitions, and try to justify non acomplishments as acomplishments.

Apna report card khud banewale,
apni peeth aap hi thap-thapanewale,
Apne aap hi, khud mia mittu batane wale,
yeh andhey aur madandh UPA wale .....
...

In 1966-67, when IG was forced by powers that be,

became annoyed and turned socialist, and for that ammended the constition with 2/3 majority, to include SOCIALIST in the preamble.

After her death, when RG became the PM, then the powers of the world had ppl in dli, and liberalisation was talked about.

in 1991, they got an opportunity and had a strong hold in Delhi.

But what fascinates me, is that w/o changing the preamble to the constitution, they usher in capitalism, then what is its locus standi, in view of action of IG.

Further, the devaluation of rupee started from there, and we started importing inflation.

When China did not devalue its currency, then did it not get FDI ?

When a trader, buys something costly, can he survive for long.

We have unnecessary devalued our currency. We promoted Car, its usage increased many fold, and now we are spending 70% (abt) fexch on importing petrol.

Ghar mein nahi daane amma chali bhunane !!!! ...

"India’s liberal “pro-market” reforms began, rather hesitatingly under the
government of Prime Minister Rajiv G@ndhi in the mid-eighties and gathered
momentum from 1991 under the leadership of his successor P V Narasimha
Rao. This papers analyses the strategies of the World Bank and the International
Monetary Fund in India and in a few other countries and shows that, after
abandoning the principle of strict conditionality for the approval of loans and
apparently distancing themselves from the US government, the IFIs applied
subtler and more effective methods to recruit allies within the Indian political
and administrative system in order to secure the adoption of the policies they
required and engineer the liberalisation of the country’s economy."

Introduction to - FROM “HARD SELL” TO “SOFT SELL”:
THE IMF, WORLD BANK AND
INDIAN LIBERALISATION

................By Mitu Sen Gupta...

Public companies have had a difficult decade, battered by scandals, tied up by regulations and challenged by alternative corporate forms


Link : http://t.in.com/enOb...

Why such hatred for reliance, and love for foreign MNcs ?...