From Boom to Bust: Brazil on the Brink

A few years ago, Brazil's President Dilma Rousseff appeared to be one of the luckiest politicians on record. She convincingly won an election, inherited a resource-rich economy and the country was making great strides in reducing poverty.Fast-forward to today, the economy is heading for recession, unemployment is rising, prices are soaring, and there is a corruption scandal at state energy company Petrobras which dates back to Rousseff's time as chair.Despite there being no evidence linking Rousseff to the bribes-for-contracts scheme, an independent investigation has alleged that bribes worth $2bn were paid to secure contracts with the firm.Sapping business and consumer confidence, the country's debt has reached a record high - up from $198bn in 2009 to $347bn today. The currency has tumbled by more than 50 percent and inflation is rising at almost eight percent.Triggering widespread anger at the sitting president, large-scale demonstrations have rocked the country, with tens of thousands demanding Rousseff step down.Carlos Pio, a political economist from Brasilia joins Counting the Cost to discuss what is next for the Latin American giant.Also on this episode of Counting the Cost: The EU has banned 700 'made in India' drugs, we explore what it means for India's pharmaceutical industry; and The world's first fully solar-powered airport has opened in Indian state of Kerala, and the government wants other states to follow suit.