BSE / NSE at new high ( Historical Moment for Indian Stock Exchange )
Bombay stock exchange brakes all record reaches 20,000 (20 K) mark today ( 29th October 2007) , Milestone created for Indian Stock Exchange.
Now some people are expecting to reach it 22 K and some are nervous.
Rupee again became strong against US Dollar and other economies.
Some analyst suggest that it happens due to finance minister P. Chidarambam saying Indian GDP may again see a 9 % growth.
If the growth level sustains with this rate for the next 5 years, then some analyst suggest - Dollar will definitely be below 25 Rs level.
Now please give comment - What happen if 1 rupee = 1 dollar
According to me -
Positive Factor -
1. Indian economy may become a dominated economy, as India can help neighbouring countries and other nations.
2. Indian's can invest other countries economy. Easy access to there quality education. Indian's can play a global role.
Negative Factor -
1. Import increases and Export Decreases. Developed countries can flood there productions to country like India. Then how we people survive.
But as a whole if 1 Dollar = 10-15 rupess then its really very helpfull to India.
And for both country like USA and India.
So tha US gets quality service from India. And India become stronger in economy due to flow of foreign currency ( So that easily buy many things from global market).
Please give comment of urs -
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