The big Advantage to the export industry in the recent past is the exchange rates. Their profits shot up by nearly 20% due to the fall in the Indian Rupee against the US Dollar.They have secure orders to sell products or services to their international clients. As we know all the international agreements are in US dollars, they get extra rupee for each dollar the collect.
For example, an ABC Corporation sell a product for $50,000 suppose. Six months back, the sales order worth is not more than RS 21,50,000. At current rate of Indian rupee against the dollar, the sales order is worth of RS 26,00,000.
IT Services and Other exporters will gain substantially.
On the other end, all the organizations that import from global market will suffer the bottom line. I suppose they should be down by 20% as they have to pay more in the form of rupee.
Oil marketing companies will have tough time as they import Crude.
For example, an ABC Corporation sell a product for $50,000 suppose. Six months back, the sales order worth is not more than RS 21,50,000. At current rate of Indian rupee against the dollar, the sales order is worth of RS 26,00,000.
IT Services and Other exporters will gain substantially.
On the other end, all the organizations that import from global market will suffer the bottom line. I suppose they should be down by 20% as they have to pay more in the form of rupee.
Oil marketing companies will have tough time as they import Crude.
