Total amount of exports is way below total amount of imports. The exports are way too low to impact any thing. I heard somewhere in TV program that oil subsidies are around 90k crores per year. If rupee appreciates, this 90k crore will become less by few thousand crores. Less burden on govt = less taxes on people. If imports were lower than exports I would not mind RBI devaluation of rupees.And what about the appreciation of the INR affecting the competitiveness of our exports?
You gotta take a 360 deg view of things!
Our exports were never competitive to begin with since cost of raw materials like power etc were always high. Only software sector is big time exporter here. Its hardly anything to rejoice over.