hahaha it was only a matter of time before they started to shout, this was given.
These voices will only get shriller in the coming years as we increase our exports significantly, and try and push the manufacturing. You can bet, the chinese and the west will have a common cause against us. So much for we being "allies" of someone!
India will be forced to make the :inr: appreciate, if not more, definitely make it trade closer to the levels it was prior to the present crisis. It will be in the interest of India to keep the :inr: around that level and not let it appreciate further, but in the long run and as pointed out by Ajit Ranade, chief economist at Aditya Birla Group, :inr: will see significant appreciation, though Ajit Ranade is referring to immediate to mid term time period.
I might add, the methodology used is outrightly foolish!!!