I see no chance of recovery (Indian Traffic).
It is not only India, every other country people are sad about their diminishing earnings everyday.
I can only hope that one day we will see average Indian CPC at 0.10$ instead of currently 0.03$ regardless of niche.
WTF, Indian advertisers like SBI also not paying more than 3 Rs. per click. Google takes 31% we are left with 2 Rs. per click.