Recently, we all are worried of fall in rupee and all are waiting for the government some good new decision. But did you think government is still worried ? No, government is not worried. Because government wants that rupee should fall , and it will come up to 56.50 to 57. Our FM did not taking any decision on rupee fall because as per the commerce ministry data Import as been rise but Export as been decline . As per the economic when dollar price is rises Export increases and Import declin but that is not happening. AS per the data given by Commerce ministry in 2010-11 INDIA export 11,42,648.96 cr and india has import 16,83,466.95 it means that 5,40.817.98 cr of amount we have import. And from 2011 to till the date india export 3,43,452.10 cr and import 5,41,021.11cr it means 1,97,569.22cr india has import. So to balance the trade our FM ministry is STILL WORKING. (All amount numbers are taken from commerce ministry site)
But , how it will benifit for us ? As per the goverment want to increase export and export will rise because rupee is down. So in this market situation one should by oil sectors company. BUY RELIANCE INDUSTRIES , INDIAN OIL , BPCL for good returns. and also one can buy STERLITE IND, TATAMOTORS, ALOK IND, JINDAL STEEL AND POWER .
article by : SUNIL MAHESHWARI
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