What happened to Bengal:
(note: I never had a fleet to begin with)
-signed peace with Mughals for MA, got some much-needed cash in return (at the time, 5/7 homeland provinces were occupied)
-signed peace with annoying, CRT ahead, AI spain, which rid me of Egypt and the one caribbean island w/o a manu. Damn war cost me my only leader, who popped up in Egypt
-built up the army and converted NA.
-Mataram/VIJ dow, within 3 months 6/7 homeland provinces taken, last one under siege, army dead. Losing to pure inf with a 50/50 army in plains
-signed peace losing Bundelkhand, gah
-got a nice string of bad events, 3 cities demand old rights, 2 unhappy peasantry, a colonial uprising, and bad government policies
-got a civil war, losing every single soldier abroad.
-got around to killing most of those rebels, at the time I left the last ones were being hit by China, and I assume they are now dead.
Oh, and along the way I practically begged everyone for aid, but the Mughals had no player left at the time they got peace, VIJ/MTR and CHI/VIE were fighting eachother, and Chagatai were fighting Nippon. Only Chagatai ever sent something, for which I am gratefull. I also lost 60 percent of my battles with rebels.
As to the situation: with 20k ducats, Bengal could be a great colonial power. Or if ever it gets aid from Vientiane and the Mughals, seeing as VIJ/MTR beat up China and Vientiane, while first rolling over Bengal.
The other option is becoming Vijayanagar's lapdog, but that isn't nice, either.
If you wanna know more, add me to ICQ at 331727773.
edit: and indeed you can say from the above that VIJ attacked after losing Egypt.