Why Indian Firms Must Rethink Their Business Models
As India Knowledge@Wharton recently reported, many Indian companies and industry organizations — especially those that are export-oriented — have been complaining about the strong rupee’s negative effects on their operations. Some have urged the Reserve Bank of India to intervene. Jitendra V. Singh of Wharton’s management department — who takes over as dean of Singapore’s Nanyang Business School on September 1 — has a different view. In this opinion piece, Singh argues that Indian firms should use the rupee’s strength to their advantage by adapting their business models in innovative ways, much as Japan’s automakers did during the 1980s.
Could you believe in the early to mid-1970s, the exchange rate was 7:50 rupees to the dollar? Declining and declining till recently. The exchange rate for Japan in in 1981 was – 225 yen to dollar! Read the referenced article to find out who could benefit and how to benefit this rupee appreciation.
Infosys to hike rate
The company expects its new projects to be priced 3-4 per cent higher than the current ones while also negotiating with existing customers for a 2-3 per cent rise, he said.
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