No idea . Some things will have a boom . Like we will spend less on oil . But earn less on things exported to other countries , But we don't export much do we We will be biggest economy at 168 Trillion USD
Stop this lame discussion. To conclude, indian IT industry will crash and millions will lose their jobs, in a country where unemployment is already high.
Some people will loose while others will gain . I doubt if there is anything in existence from which each and everyone get gains . We need an over all development in order to sustain ourselves . I always hear IT industry of India is awesome but then I read articles which criticize IT industry for lack of innovation >_<
Comments
68 INR = 1 USD
Top Player or club demands 1 Million USD = 6.8 crore
If INR gets stronger , lets say half of current price = 34
Same situation but we spend only 3.4 crore
Now wonder what will happen when 1 INR = 1 USD
Pogba , Sterling , Surez , Ronaldo will be playing in INDIAN SUPER LEAGUE
100 Million USD = 100 Million INR = 10 Crore
Chinese yuan is 7:1 compared to 68:1 of ours
Suppose , We spend 1 million dollar to build 10 highways .
6.8 crore = 10 highway
If Rupee gets stronger we will build same number of highways at less price and money saved will be invested some where else
https://www.quora.com/What-would-happen-if-1-USD-INR-1
Go through this. It elaborates nicely.