Rupees crash impact on IT industry by Amar Babu

29th August 2013 | By Mouseworld Now Correspondent |

Lenovo-Amar-Babu

With 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 Amar Babu, Managing Director, Lenovo India and Vice-President of MAIT 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…

“We had increased the prices when the rupee was trading at around 58. Now, it has depreciated further by another 8-10 per cent. So we will have to watch as there is a lot of volatility. But if the rupee stabilizes at this level also, we will have to effect an increase to absorb costs.”

 

© Mouseworld Now News Service

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