Google has added new way to recover Google accounts password – through a SMS on your mobile phone. In case you lose your Google account password, you will receive a code via SMS on your mobile phone. That code can be used to recover your Google account password. This feature is only available for US users as of now.
To get started, goto Google Account page and click Change Password Recovery Options. Then enter your current password, mobile phone number and its all setup. If you happen to lose your Google account password, lookout for SMS from Google with code to recover the password. As pointed by GOS Blog, Google has also updated password recovery settings pagewith this new option to recover password via SMS [currently its US only feature!]