Reserve Bank of India gov Raghuram Rajan on the wires speaking in Frankfurt

  • India over stimulated amid crisis, now getting to stability again
  • needs to bring back growth in much stronger way
  • India on the verge of take-off to much stronger growth
  • India needs to work on infra build-up, human capital
  • Indian states competing with each other to create growth
  • surge of internet marketplaces important, a "game changer" for India

That and global companies changing to overseas telephone call centres I reckon

Congrats to Mr Rajan who today was appointed vice-charirman of the BIS ( Bank for International Settlements), the clearing banks' CB

The board is chaired by German Jens Weidmann.

RBI's Rajan - India is definitely on the up