Our main problem is high population growth. But our Govt. is not doing anything to reduce this problem. Our trade deficit is increasing because we don't have enough natural resources needed for our increasing population. Our natural resources are depreciating while our population is increasing. The rate of depreciation of natural resources is directly proportional to rate of increase in population.
Some people are claiming that rupee depreciation will help companies in sectors like IT to increase their profit. But this will not last long. Due to rupee depreciation people are facing problems like inflation, high taxation etc. Companies which make loss will face more problems. Companies which make profit will face more tax burdens.