Have You Ever Wondered About The High Dollar Prices Could Be An Advantage For Our Country.Do you know that if the dollar prices gets its value equal to the value of a rupee then this could prove a serious threat to the employment generation in our country, in India. How?
You must be aware of the fact that major consultancy companies including the BPO's are working for the overseas operations but all the way based in India. This is because the cost of establishment as well as running a business is less in comparison to the developed countries like the USA. Now imagine that their Dollar value as well as our Rs. value gets equivalent to each other or having a minor difference then the company operating from overseas won't find any big revenue loss then instead of giving employment to the Indians they will outsource the employment from the local regions. So in that case we in India will be loser as will have lesser employment then resulting in more unemployment throughout which won't be a good for our economy as well.
Not to tell that being in the situation of lesser jobs, our market will be good for nothing as the purchasing power of the community is now weaken effecting the overall economy.