4) Wars create growth opportunities but destroy GDP

With pervasive terror attacks hogging much of the talk at the WEF Annual Meeting, Rajan said wars should never be seen as opportunities to push economic growth.

"War does create opportunity for growth, but it definitely destroys your GDP. I am sure people would love to have bigger GDP rather than a higher growth. I don't think war is an option," said RBI Chief.

5) RBI's Monetary Policy and Inflation

On RBI's monetary policy stance next month, he informed the rest of the world is facing a deflationary environment and that will help India disinflate. He believes the lowering of oil prices will help country meet January inflation target of below 6 percent. 

"Going forward, we have to disinflate a little more. So, at the meeting (on February 2), we will take all these factors into account and decide what the next step is, but broadly I would say we are on the right path," Rajan said.

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