i guess stronger means the difference between both the currency is low. right ?
2007-01-19 18:15:38 · 7 answers · asked by nemo 1 in Social Science ➔ Economics
I am seeing it from the US point of view:
Pro: it will encourage more import of the US products to India because dollar is cheaper so Indians can afford more US products hence it drives demand
Con: it will cost Americans more to buy Indian products
2007-01-19 18:23:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Pros for India and Cons For USA: If the value of US dollar goes down than Indian Rupee then USA is worth nothing. India will get more powerful than USA. Most of the things are run by USA, they have the largest power. So, it will give India a good chance to trade with USA and get things a lot cheaper then before. I think India is having some loans from USA(I am not sure), so if it is then it will be great oppurtunity for India to get out from debt.
Pros for USA and Cons for India: If the USA dollar will go down, then obiviously it would have some reason behind it. Like USA would get failed to trade their products around the world because of of hatred by all other countries and all other countries would like to reduce American Dollar's value. So, if India would go ahead and trade with USA at that time, India would be considered as fool and India might not take this because all other countries hate USA.
2007-01-20 02:39:21 · answer #2 · answered by Sarbjit 1 · 0⤊ 0⤋
nothing wrong in that if the value of Indian rupee gets stronger than the US Dollar but it may cause some insecurity problem to the other countries especially UK and US.
India's growth rate will increase automatically and we can serve for the less and the least developed countries.
Indian technologies will be in India only because our youth will not be eager to go out to other countries for just MONEY by giving our technology and heritage to others.
More and more people will migrate to India with goon , new and different skills and technologies.
2007-01-20 02:26:48 · answer #3 · answered by damanjeet g 1 · 0⤊ 0⤋
In general, if a countries currency is undervalued compared to yours it makes their goods and services cheaper and yours more expensive. And thus you will buy more from them and they'll buy more from you.
In general increasing the value of the ruppee ( and numerous other currencies ) against the dollar would benefit the US worker.
2007-01-20 02:24:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i think if indian rupee gets stronger than the US dollar, then india will be the richest, greatest and best Countries in the wolrd. i am not saying that india is in a worst conditon now, what ever may be the thing East or west India is the BEST.
proud to be an INDIAN
2007-01-24 05:00:09 · answer #5 · answered by phani 1 · 0⤊ 0⤋
lIf India rupee becomes stronger, it means our economy is sound and a rupee will buy more goods than what it can buy today
Our exports will bring more dollars and foreign reserves will buid up fast. Our government will be in a better position to transact any financial deal with foreign countries.
Our balance of payment poistion will improve.
Prices will stabilise ,inflation will be better controlled,people will find it easier to spend and buy what they want.
I don't see any adverse reaction if Rupee becomes stronger.
2007-01-20 11:59:28 · answer #6 · answered by NQS 5 · 0⤊ 0⤋
It only means anything if you are living and paying tax in either country.
2007-01-20 02:20:33 · answer #7 · answered by robert w 3 · 0⤊ 0⤋