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- Dec 23, 2011
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Devalued rupee is good if it results in trade surplus and Current account surplus. However if after a certain time of devalued currency, there is still trade deficit and CAD , then it bad.You are talking about software exports. The same goes for the manufacturing costs and the exports.
Can anyone tell me, if the devalued rupee is as bad as it is made out, why was the rupee devalued during the reforms?
So we hope due to devaluation of rupee our export increases and CAD decreases.