Selling to India is intense. In the foreign exchange market, the Indian rupee remained around 77 rupees per dollar on the 8th, and it is developing to search for the lowest price. Stock prices have fallen sharply and interest rates have risen (bond prices have fallen). "Triple cheap" is remarkable. Since Russia's invasion of Ukraine began, there has been a growing sense of caution about inflation and the outflow of funds is becoming a reality. Investors are beginning to question India's international creditworthiness.

Nihon Keizai Shimbun AP