We are now clearly in the midst of a recovery: Raghuram Rajan

We're now clearly in the midst of a recovery: Raghuram Rajan

On China

On some dimensions, we are ahead of China. I think in terms of the degree of competitiveness within the banking system, we have taken some steps which put us ahead. But in terms of the size of the economy, in terms of the extent of external trade, in terms of denominating trade in renminbi, I think they are much ahead of us.