| Topic : Dollar currency loosing its sheen |
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Posted in Community :
Investment Hub
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Activity:
19 views;
last activity : 07 06 2010 20:18:09 +0000
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Effects exportS
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IT sector will be badly effected
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I think weakening of dollar will negetively effects exports of India because more than half of Indian exports are dollar-denominated. The real losers are sectors such as textiles, gems and jewellery, leather and handicrafts,where the majority of the industry is in the small-scale segment. |
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I believe that growth in Indian economy depends IT sector and in IT money transactions are done on the basis of dollar . So as the value of dollar decline it badly effect IT sector and there by Indian economy. |
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