and trade deficients.Once foren investors pulled out, rupees dropped back to a more reasonable value.

The worse is yet to come. India weather cycle, like that of china, has bad yrs once every 10-12 yrs.

The best known is the 3 bad yrs in china 1959-62 and 66-67 in  india.

Currently some parts of china have bad drought(bcos china is a lot more urbanised and has a lot more money now, the damage isn't much)

. The next indian bad yrs I suspect will come in 2016. The hindis will find it hard to import expensive food grain particularly if they can't improve the foren exchange reserve.