R Gandhi: Payment revolution – preparing for participation Speech by Mr R Gandhi, Deputy Governor of the Reserve Bank of India, at the “National Payments Excellence Awards 2015”, organized by the National Payments Corporation of India (NPCi), Mumbai, 22 December 2015. *  *  *  Assistance provided by Shri Vipin Surelia is gratefully acknowledged.
We will keep watching these developments closely. 2. Is our economy rebalancing? There has been a lot of discussion about the big global imbalances that had been allowed to develop over the last decade, and the extent to which they contributed to the Global Financial Crisis. More importantly we are all keen to see how much global rebalancing is now underway with the recovery.