World | India

Rupee checklist: how will crisis pan out?

Here’s a checklist that pertains to the middle class Indian’s day-to-day priorities

  • By Robin Chatterjee, Senior Associate Editor
  • Published: 17:38 August 22, 2013
  • Gulf News

Dubai: Providing the only voice of reason in what has been an all-out political skirmish between the ruling party and the opposition is noted stock market commentator Mudar Patherya. The Kolkata-based expert applied his thoughts to a checklist that pertains to the middle class Indian’s day-to-day priorities.

How does the current crisis pan out for you in the long term?

No one really knows. No one even knew that this was coming. No economist could have, or did, predict it.

What will happen in the short term?

Software export companies will do extremely well, strengthening their investments into additional space. There will also be benefits for the commercial real estate sector in select national pockets. Tourist inflows could increase considering that the world finds India a cheaper place to visit. Agricultural, or related exports (from tea to cotton yarn), could benefit.

What does this mean for the common man?

Higher cost of fuel, higher agitation for an increase in public fares and a trickle down increase in the cost of living.

What about daily living expenses?

They will be higher.

Lifestyle expenses?

Will also be higher, but if families and individuals can afford it then it doesn’t matter.

Holidays abroad?

Will be more expensive

Saving potential?

It will be considerably lower.

Gulf News
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