Krishna Kaushik

So with zero on almost net zero FDI and a ballooning trade deficit, the rupee was already under quite heavy pressure.

So interestingly, the Indian economy has not suffered on a day-to-day basis.

And that's because of two primary reasons over here.

While the fuel costs have gone up in terms of India's import bill, the government which controls the fuel prices in this country has not raised the fuel prices for either diesel or petrol yet.

They have absorbed most of the cost.

That can change, of course.

I mean, if the pressures remain high at some point, it will be passed down to the Indian consumers.

But at the moment, they have been protected.

Secondly, another important thing to understand about Indian economy is it's still a largely very domestically oriented economy.

So even though, of course, you know, the trade deficit has gone up, all that impact, the government is suffering at the moment.

That suffering has not been passed down to the consumers as of now.

Great.

Thanks a lot, Mark.