** Dollar **

Dont know whether this happened just today or a few days before, but I just took notice of it today .... US Dollar value has fallen below Rs.40. Whether US economy is in the declining phase or the Indian economy is in the upswing is not the question - but how the Indians and India are going to be affected by this trend is foremost in my mind.

India is an import oriented country - so, that way, we should be benefitted. But IT - the present day backbone of India, will take a sever beating if this trend continues. The declining dollar value has already had its effect on Indian IT industry. A lot of companies are already talking about cost cutting measures, lower wages, lower incentives, effective man-power utilisation and all that. This when China is yet to come up in the IT horizon. I am a bit worried about our next generation !! But, what is life without challenges ?? (Ada, pongappa !! Ippadi cholli cholli-ye udamabu rana-galam aagi-p-pochu!!)