Following currency : "My troubles aside, rupee's slide can be a sign of new revolution for India" - Indian student in UK

Dated : 4th Sep, 2013

Source : BS

Can our policy makers can learn from the student?

Mithil Shah is currently purusing the One Planet MBA at University of Exeter in UK just read what he say about present currency fall :

"However, if you look at the flipside: I do find it interesting to make the connection of ecological impact and the rupee.

Although, we students studying abroad are looking at the negative impact of the currency's slide, it is now a motivation for students to study in India, for entrepreneurs to increase exports of India-made products.

It is definitely a game changer towards driving Indian goods within the country which reminds me of the Swadesi movement to reduce dependence on imported goods.

Studying business here in UK clearly shows that the world is looking at India closely. We should try and think this situation as a positive sign of a new revolution.

If I was in Mumbai, I would like to start a business and export to the world.

In UK, businesses are trying to learn from India's 'Jugaad' or Frugal Innovation to find solutions. Being at the bottom of pyramid, they are looking at finding solutions to penetrate into Indian markets, focusing on larger volumes.

For UK companies, it is an incentive to invest in India right now.

Agreed, there is a lot of panic in India with the markets crashing and indecisiveness on policy but overall, the global economy is on a downfall, hence, there are problems everywhere. However, I believe this should seed the growth tree in India."

Read article at : http://www.business-standard.com/article/specials/my-troubles-aside-rupee-s-slide-can-be-a-sign-of-new-revolution-for-india-113090400643_1.html