STRATEGIC APPRECIATION OF INDIAN CURRENCY: ITS IMPACT AND IMPLICATIONS ON INDIAN ECONOMY by S.M. Tariq Zafar and S.R. Sharma
By: Global Vision Publishing HouseSingle Issue
Single Issue
- STRATEGIC APPRECIATION OF INDIAN CURRENCY: ITS IMPACT AND IMPLICATIONS ON INDIAN ECONOMY by S.M. Tariq Zafar and S.R. Sharma
- Price : 200.00
- Published on May 30, 2013
- Global Vision Publishing House
- Language - English
- Published na
About this issue
The domination of dollar proved to be vulnerable and start tasting sharp appreciation of other nations currencies after all. Decline in dollar is due to level of debt of America who is the largest debtor in history owing between 70 to 100 trillion dollar. Devaluation in dollar is advantageous to India because import cost will get reduced due to devaluations of dollar and appreciation of Indian rupees as India's imports are more than exports. Appreciation of Indian rupee will change the balance of payment .Goods like gold and crude oil will cost cheaper in term of appreciated Indian rupee. In fact, appreciation of currency of a country show healthy sign for its development. According to economist implication is always different from implementation; it is paramount factor and will cast its shadow in the case of India’s recent joy of rupee appreciation. On the other end appreciation of Indian currency is matter of concern and embraces many implicit and explicit problems. Economists and experts from different sector predict the detrimental and controlled impact of rising rupee on Indian economy.
About STRATEGIC APPRECIATION OF INDIAN CURRENCY: ITS IMPACT AND IMPLICATIONS ON INDIAN ECONOMY by S.M. Tariq Zafar and S.R. Sharma
Global Journal of Business Management Vol. 2 No. 1, June 2008