nectar38, if we look into the future with a crystal ball, then...

nectar38, if we look into the future with a crystal ball, then the Indian Gov't should immediately BAN all exports of iron ore NOW. The amount of infrastructure that India requires in the future dictates that action should be taken NOW to limit selling their IO reserves to the Chinese.
Short term gain will result in long term pain for India.

India is in need of huge infrastructure spending to bring 1.2 billion Indians into the 21st century.

I must say when you see 50 ships anchored off Hay Point in QLD then Australia ALSO needs some money diverted into infrastructure instead of wasting money on pink batts and school halls.