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AnandMay 1st, 2007 - 15:56:20
Its really great to know that India is a 1 trillion Economy. But however we also need to know that the country is witnessing a inflation rate of around 7-8% since last 2 consecutive quarters. Also I would like to let if the rupees still appreciates very much there are possibliity of IT exports getting affected in the longer terms.. Especially the IT companies could have a major impact with their billings... Since all the IT companies have a billing of around 20-30% margin it could also effect there profits. Notably the exports could come down atleast 10-15% down.... A grave situation could be in the coming.. So we need to make sure that being a Trillion dollar economy is the a great news but also we need to make Sure that it sustains for another Trillion dollar economy and still go ahead....
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