"The strong rupee is good for Indian companies seeking to make acquisitions abroad. As freight corridors are built and airports are finished, that will help the manufacturers absorb the downside of the appreciating rupee." He also believes that the strong rupee could help companies drive through some strategic deals. As India's infrastructure improves, those costs will come down. "Right now, costs are high because of weak infrastructure. Also, resource utilization will have to become better."Īs for manufacturers, one thing could make things easier for them, Chaudhuri points out. My view is that there should be a renewed imperative for IT firms to go for high-end work across all industries." Chaudhuri adds that the stronger rupee should make it easier for IT firms to set up operations abroad. You can't get the benefits of globalization without feeling the other effects. "As the Indian economy grows, the rupee will grow stronger. "I don't understand the cribbing," he says. Management professor Saikat Chaudhuri recommends that companies would do well to stop complaining and take advantage of the rupee's rise to drive through essential changes.
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