RBI Governor Raghuram Rajan on Wednesday sought to allay fears amid the stock market plunge and the rupee nearing its lowest-ever level, saying things will stabilise and people will look at stable emerging markets, including India.

Mr Chambers' bullishness comes in the wake of the government's recent initiative to promote start-ups in the country.

India is among the fastest growing major economies, but it can do much better, Finance Minister Arun Jaitley told NDTV today at the World Economic Forum meet in Davos.