We want to ensure that we are well positioned to continue to meet our statutory goals in  17  In contrast to the Federal Reserve’s large-scale asset purchases conducted over recent years, these periodic technical open market operations would not have any implication for the stance of monetary policy; rather, such operations would be aimed at maintaining a level of reserve balances in the banking system consistent with efficient and effective policy implementation.
But given that the demographics for India are more favourable than those for China, we could expect that in another 20 years India’s prominence will have grown a great deal – assuming that country continues the process of reform that has helped it to generate impressive growth over recent years.