By the way, if you wonder what the heck I am doing in Mumbai, I am
trying to provide the intellectual backing Governor Subbarao is
talking about below:

"Over the last two and a half years in the post – crisis period, from
the RBI we have been attending a number of international meetings-
G-20,FSB, BCBS- of which India is a member. What struck me most of all
the meetings is that the agenda somewhat overtakes the emerging
economy concerns. My experience has been that we could not
meaningfully engage in these meetings. It is not as if there are no
issues or concerns relating to India or other emerging economies that
need to be discussed at the global fora. But we are not able to raise
them effectively because there is not enough research happening in
emerging economies to concretize issues and concerns relevant to us.
CAFRAL is best positioned to meet that need, to give us the
intellectual backing to further our interests in international fora."

If you help me, I would be grateful!

Best,
Sabri
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