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Is the appreciation of South Asian currencies hitting exports?
By qwcdirect | June 8, 2010
It is a fact that the eastern hemisphere has coped with recession better than its western counterpart. India is interestingly the third best country in this regard. Some other South
Asian countries have been faring well recently and this has led to sharp appreciation of their currencies vis-à-vis dollar. Thereby, they find it viable to invest in imports rather than exporting their goods. An interesting example in this case is the export of tea from India.
World economic heads are finding their ways to either strengthen dollar or totally mitigate it. Wresting financial powers to third-world countries is going to create big economic upsurge. The perception will be of grand forgeries going undetected and that needs to be stopped.
Inflation rates have to be administered with reason and other economic policies regulated so as to keep a check on this mirage of an appreciation. For now, south Asia is on an upswing.
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