continues, the bank of england is forced to step in again. let s start with the war in ukraine we ve seen a second day of russian missile strikes across the country. have a look at this map. it shows all the places that have been hit since monday morning. we ll take a closer look at the damage done in a moment. but first, let s look at the international response. an emergency meeting of g7 leaders that s the group of rich countries has warned russia that irresponsible nuclear rhetoric is threatening global peace. ukraine s president, volodymyr zelensky, had this message. translation: i ask you to increase yourjoint efforts to help financially to create the air shield for ukraine. millions of people will be grateful to the group of seven. now this is the statement issued by the g7 after its meeting. these pictures released earlier by the russian ministry of defence show a little of what s been going on. more cruise missiles launched what they describe as a massive
Credit Suisse has switched China and Thailand with India and Australia in their portfolio. What are you finding to be the most exciting opportunity in the Indian market? Has this call come post Budget and is it based on economic recovery?
It is based on a number of factors. I would say the most important issue is that India is very well positioned from a cyclical perspective. India is heading into a very strong recovery from the Covid pandemic. We switched from China. China already is largely recovered from the pandemic. If you look at its economic indicators and its earnings, they are pretty much normalised whereas India was hurt quite badly by the pandemic last year but seems to be coming out of that now and we think there is going to be a very strong cyclical recovery.