Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.
He was responding to a question on economic reforms in the country.
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
Rajan says that China should not be solely blamed for global imbalances. Rajan is hopeful but not confident of reviving Doha trade talks.
Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
India's chief economic adviser, Raghuram Rajan has been appointed as the governor of the Reserve Bank of India.
The CBI sources said the agency has charged them with criminal conspiracy, cheating, forgery and under Provisions of Prevention of Corruption Act in the chargesheet.
Raghuram Rajan optimistic about passage of GST
This compares with China at over $10 trillion and India $2 trillion.
After opting for status quo in policy rates, Reserve Bank Governor Raghuram Rajan on Tuesday said any more cut will depend on further transmission of previous rate cuts by banks, softening in inflation and progress of monsoon.
Rajan encouraged the Indian-American business community to get involved in the 'nitty gritty of the implementation process,' saying such involvement was not difficult especially since the Indian government has the political will to reform.
Dey, a veteran crime reporter, had planned a book, titled 'Chindi -- Rags to Riches', wherein he was going to write the stories of 20 gangsters with humble origins.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
Hailing the announcement of Raghuram G Rajan as the new RBI Governor, India Inc on Tuesday said the appointment of the former IMF Chief Economist will help bring the economy back on growth path.
The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
Raghuram Rajan, who was Chief Economic Advisor in the Finance Ministry before taking over as RBI Governor on September 4, is scheduled to announce the next mid-quarter policy review on December 18.
Rajan is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain, said Chidambaram
RBI Governor Raghuram Rajan wanted to improve training for staff, through initiatives such as sending them to other central banks for short stints.
Security agencies have decided to bring arrested gangster Chhota Rajan to New Delhi with the Central Bureau of Investigation keeping him in custody for initial period before any other police force is allowed to take him for their respective investigations.
RBI Governor cautioned against more volatility.
Giving details of Rajan's 'course schedule' for 2016-17, Chicago Booth School said this course will explore the challenges of corporate finance and investment in a more integrated global economy.
Raghuram Rajan, said, the scourge of loan losses "had a tendency to increase, get too big to ignore, too late to manage, and push the system into crisis".
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
It is the government and its policies and attitude toward FDI that is at the root of the problem.
'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.
He warned low interest rates globally could distort markets and would be difficult to abandon
If companies get into trouble, the loan becomes a non-performing asset and "we very much want these assets to be back on track," Raghuram Rajan said.
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The central bank will come out with two measures on restructuring to tackle financial stress, Rajan said.
The three years at the Reserve Bank have mostly been a string of success stories for Rajan, gaining him common man's adulation even as the free-thinker in him made a few foes who matter more in the corridors of power
Justice Rohit Rajan Agarwal made the observation while rejecting the bail application of one Kailash, who is accused of being involved in the religious conversion of several people from a village here.
Rediff.com takes its readers through the various moods of Raghuram Rajan.
"Now I get credit for the idea which actually I neither invented nor actually believed in," he said.
Subdued exports remain an area of concern.
RBI says, it cut rates as growth was not happening at ground level.
Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets
Inflation target remains 5% for January 2017.
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
RBI governor Raghuram Rajan and the government are working towards financial inclusion.
