The government has made some major noises about FDI reforms. But we have figured out why they need FDI, all of a sudden. (See our post on India's recent FDI reforms) This post talks about why this FDI focus has come about: Because we're losing traction in every other source of dollars.
We had a very small current account deficit this time. The deficit was just $300 million dollars, where has been as high as . . .