How Beneficial Can Falling Rupee Be?


Bangalore: Whenever the discussion on falling rupee crops up, the experts often highlight the negatives. But few are already geared up to reap the benefits of rupee plunge. Yes, you read it right! Plunging rupee is not always sad news. Depreciation in rupee is beneficial for some companies as pointed out by few experts, reports Subhro Niyogi of Times of India.

Indian businesses should start venturing into the India-Pacific region and also take a bold step towards Look East policy. "We used the weak dollar to increase our competitiveness. It's now India's turn. It's a great chance to pursue growth opportunities in the Indo-Pacific region. Indian firms need to overcome the Big Country disease that also afflicted American industry. If Indian corporate restrict themselves to the domestic market because the Indian market is so big, it will be a folly. The Chinese market is bigger, yet its companies have stepped out to stamp their presence everywhere," said Bower, US foreign policy expert.

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