Fall in rupee to help the export-dominated IT industry

3rd September 2013 | By Mouseworld Now Correspondent |

rahulWith the devaluation of the Indian rupee against the US dollar, there has been an upheaveal in the entire Indian business world. IT industry being the face of business excellence in India has also been party to the fiscal commotion. To record the perspectives of the poster-boys of Indian IT on the vital issue, Mouseworld Now has started this series.

In this part, Mr. Rajul Garg, Director, Sunstone Business school has expressed his expert comments on the vital issue facing the IT industry because of the rupee devaluation in the international market. Here are the edited excerpts…

“One would imagine that the fall in rupee would help the export-dominated IT industry. However, large part of the forex is hedged, hence the impact will be felt 6 months out. More strategically, the important thing for customers is productivity delivered per dollar spent and the industry as such has to ensure it does not fall into a fall sense of arbitrage without delivering productivity. This is a great opportunity for the industry to double up on productivity with a little bit breathing room.”

 

© Mouseworld Now News Service

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