Indian Rupee Getting Cheaper: Opportunity or Curse?
By siliconindia   |   Wednesday, 23 November 2011, 01:04 IST   |    5 Comments
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3. Exporters will have renewed opportunity:
Exporting
A cheaper rupee at a time when the Chinese yuan has been trending up against the dollar should provide exporters with renewed opportunity. The massive cost advantages that Chinese exporters seemed to enjoy will be under pressure. In any case, Chinese incomes are now much higher than India's, and as the yuan strengthens China will be forced to exit export sectors marked by low value-addition. This presents an opportunity for Indian exporters to step into the vacuum. There should be new opportunity in everything from textiles to shipbuilding, if government policies can help producers in these sectors.

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