Full current account convertibility since 1994, increasing openness on the capital accounts, a persistent and sometimes rapidly increasing current account deficit, the instability in autonomous capital flows, the investment needs of an expanding economy and globalization aspirations of Indian corporates are some of them.
Our exchange today, and the regular dialogue between our two institutions, will feed into the European Parliament resolution on the ECB Annual Report. This is very important for us because we want to make sure that we deliver on the democratic mandate that was conferred upon the ECB.