Falling Indian Currency – Pain for Consumers Looking to buy Electronic Gadget

20:58:00
In recent week, FII's started pulling out their investment post multiple Billion $ deployment on different instrumentation. The nervous traders are betting against upcoming CPI (Consumer Price Index) and WPI (Wholesale Price Index) and acts as important KPI’s to determine Reserve Bank Interest Rate Policy. In May 2013, I predicted that there would be free fall of INR and now we are experiencing the same. Even major analysts were taking positive stance on Indian Currency given Crude price and Gold price fall.
With the growing adoption of International Electronic Brand, Consumers and Prosumer’s are going to experience price point rise in Electronic gadgets. The only beneficial would be those global gadget providers having their manufacturing hub in India with minimum or no equipment procurement from their global locations.

Laptops, Mobile Devices, Camera, Laptops/Tablets, ICT equipment may see 3 to 4 % rise in their price. In my point of view; If consumer or prosumer’s are planning to buy gadget then do proper access of currency movement before taking any call.

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Visionary Leader with 22 years of multi-functional experience - combine astute tactical, strategic, business, technology and industry skills in ICT domain at domestic and international level (Wired/Wireless/ networks /platforms/ connected device) .... More

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