Stronger Rs = Stronger India

Let me ask a question first.

What type of economic strength is preferable to India?

A) A strong Indian economy fueled by its cheap labor due to a weaker rupee against dollar, where the Indians end up working in shifts, late nights, whole nights and what not… only doing low profile jobs which foreign companies want to offload to India, so that they can concentrate on high end works and become even better. For instance in IT field, providing BPO services, support and maintenance work for products…

OR

B) A strong Indian economy fueled by its strong innovations and products, no matter whether the rupee is strong or weak against dollar.. where Indians work only in regular office hours of 9 to 6, developing cutting edge technologies and solutions, selling our world class products both inside and outside India. For instance in IT field, imagine operating systems, compilers, databases etc all coming out of India…

I do not deny the fact that the IT boom in India came to a large extent because of (A). Well and good, we have had the benefits of our cost being cheap in western markets due to a weak rupee against dollar.. We have had our share because of this advantage in the past 2 decades…

But at the same time doesn’t it make sense to move towards (B), instead of crying foul against rupee becoming stronger against dollar?

What a pity! Indian IT companies are feeling bad because rupee is becoming stronger against dollar! Reason, their profits will go down when the value of rupee is stronger, as every single dollar that comes into their account now means lesser rupee than earlier..(if for instance earlier they used to get 47 rupees for every dollar that comes in, but today its about 40!)

But isn’t this a matter of celebration? Our rupee is gaining importance internationally and is becoming stronger again .. How many of us know that in 1947 when India got independence 1 Rupee was 1.2 US dollars?

These Indian IT companies instead of relying on a weaker rupee for their profit should now look at coming out with innovative products and technical solutions. What have these companies done in the arena of core system products? Why don’t we have any operating systems, compilers, database systems, development platforms etc coming out of India? Why don’t we develop tools like photoshop or flash? We have talent, but they all are working in American companies on these products… Cannot our Indian IT companies setup at least small teams to develop such products?

Instead they are planning to make their employees work on saturdays too ! So that their profits can increase due to extra hours the employees put in.. As if India doesnt have any other option other than cheap labour, workaholic labor!! Are there no brains in India who can setup companies developing products and make money just by printing out more serial numbers and burning their product DVDs?

If Indian companies continue to depend on its weak currency, then how would Indian economy survive in a world where all currencies have equal value? Survival of the fittest.. Only greater innovation can help us in that case…

We need to have knowledge and technological advantage if India wants to become a superpower, not low cost based cheap labor advantage! Let the Chinese do it…

I hope that rupee becomes more and more stronger so that Indians are forced to use their brains and come up with innovative products and next generation technologies, than to provide low end services…

We need to create a situation where other countries line up to buy our F-16s, to buy our operating systems, to buy our mobile phones and I-pods, to buy our Boeing, to buy our Mercedes…

A stronger rupee means we can easily afford foreign trips!

“A stronger rupee means Indians can buy things anywhere in the world on par with developed economies! We dont have to spend crores of rupees then to buy a Boeing! We don’t have to pay tens of thousands of rupees for international air travels! A stronger rupee means greater international exposure! There wont be a difference between buying a Maruti and buying a Mercedes! One can go on a trip to the Grand Canyon just like the way one goes to Ladakh or Nepal ! How do you think american citizens are able to tour all over the world? Because they earn more? No. But because their currency USD is stronger.. and this is where a strong rupee will lead us to!… ”

I am not saying providing low end services is wrong… It gave us a very good start in the 90s. But that should definitely not be the bread and butter fueling our economic boom indefinitely in the future… For the simple reason that it can’t continue to do so any longer… other low cost destinations, cheaper than India are already coming up in the world… Let us move ahead… become more innovative… the journey has just started… This is just the beginning of all the beginnings…

Best of the Web: Our Favorite Blogs and Web Sites

his is a round-up of some great websites and cool blogs that we think you should check out.

Top 10 Dumbest Online Business Ideas That Made It Big Time.

1. Million Dollar Homepage

1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.

2. SantaMail

Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer.

3. Doggles

Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.

4. LaserMonks

LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord.

5. AntennaBalls

You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire.

6. FitDeck

Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disaster idea to me. But former Navy SEAL and fitness instructor Phil Black reported last year sales of $4.7 million. Surely beats what military pays.

7. PositivesDating.Com

How would you like to go on a date with an HIV positive person? Paul Graves and Brandon Koechlin thought that someone would, so they created a dating site for HIV positive folks last year. Projected 2006 sales are $110,000, and the two hope to have 50,000 members by their two-year mark.

8. Designer Diaper Bags

Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that’s big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie’s company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.

9. TruGamerz

Faux-suede padded covers for game controllers and gel thumb pads for analog joysticks? No one will buy that. Forget it. The product proved to be so popular, it got picked up by Target.com and Walmart.com and annual sales new exceed half a million dollars.

10. Lucky Wishbone Co.

Fake wishbones. Now, this stupid idea is just destined to flop. Who in the world needs FAKE PLASTIC wishbones? A lot of people, it turns out. Now producing 30,000 wishbones daily (they retail for 3 bucks a pop) Ken Ahroni, the company founder, expects 2006 sales to reach $1 million.

Awesome CATCH in ICL – Catch of the YeaR – 2008 – Must Wach

Great Catch by Justin Kemp!

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Problem Solved?: Tree Produces Diesel Fuel

Kerosene tree produces almost pure diesel fuel. Maybe the problem with fossil fuels will be soon solved? However, where do those trees take fuel from? I mean what do they use to produce the fuel?

Oscars

FACTFILE
		An Oscar is 13 ½ inches tall.
		The red carpet is about 33 feet wide and 500 feet long.
		The first Academy Awards were held on May 16, 1929, when movies had just begun to talk.
		There have been 2,658 Oscars handed out since the first Academy Awards.
		Winners are forbidden to sell their statuette without first offering them to the Academy.
		Only three movies have so far received record 11 Oscars – Ben Hur (1959), Titanic (1997) and The Lord of the Rings: The Return of the King (2003).
		There were 306 films eligible for nominations this year.
		Kazakhstan is a first-time nominee in the foreign film division with “Mongol.”
		A total of 63 countries submitted entries for the foreign language category.
		More than 100 photographers will be on the red carpet

Oracle Life

Q. What if your Dad loses his car keys?
A. ‘Parent keys not found!’

Q. What if your old girl friend spots you with your new one?
A. ‘Duplicate value on index!’

Q. What if the golf ball doesn’t get into the hole at all?
A. ‘Value larger than specified precision!’

Q. What if you try to have fun with somebody else’s girlfriend and get kicked out?
A. ‘Insufficient privileges on the specified object!’

Q. What if you don’t get any response from the girl next door?
A. ‘No data found!’ or ‘ Query caused no rows retrieved !’

Q. What if you get response from the girl next door and her Mom too?
A. ‘SELECT INTO returns too many rows!’

Q. What if you dial a wrong number?
A. ‘Invalid number’ or ‘ Object doesn’t exist!’

Q. What if you try to beat your own trumpet?
A. ‘Object is found mutating!’

Q. What if you are too late to office and the boss catches you?
A. ‘Discrete transaction failed!’

Q. What if you see ‘theatre full’ when you go to a movie?
A. ‘Maximum number of users exceeded!’

Q. What if you don’t get table in the lunch room?
A. ‘System out of tablespace!’