Wow! Hope no one was waiting for large upgrade. I just finished one just in the nick of time. Figure prices of imported audio equipment both from Europe and US will cost at-least 10% more if not higher.
I read about the rupee and the various reasons for its weakness, I guess the whole region is effected, but then I think - why do all the reports state that we are the 4th, 5th, 7th (take you pick) largest economy in the world, then when something like this happens we get compared to tiny economies like Phillipines and other south east Asian countries whose currencies are taking a hit?
Cheers,
Sid
I read about the rupee and the various reasons for its weakness, I guess the whole region is effected, but then I think - why do all the reports state that we are the 4th, 5th, 7th (take you pick) largest economy in the world, then when something like this happens we get compared to tiny economies like Phillipines and other south east Asian countries whose currencies are taking a hit?
Cheers,
Sid
hyeah:
, Disruptive politics (for instance telangana agitation) - is almost like there will be very little meaningful industrial growth which will translate into low exports (I guess software is a bright spot but it cannot carry the whole country) and constantly high and higher trade deficits, will ensure that our hi-Fi purchase cost is only going to go up. On the bright side, reduced depreciation of our equipment, No:yahoo:. Sorry for the impromptu economics lesson, but i could not resist. Of-course if we buy Indian, we will be all set.
