Economic reforms in India are going in the right direction, but the level is "wrong", RBI Governor Raghuram Rajan has said, referring to some of the outdated regulations that are currently in place.

In an exclusive interview to Shekhar Gupta, Reserve Bank of India Governor Raghuram Rajan speaks about the Indian economy in the wake of the current turmoil in the financial markets.

"Unbelievable", "embarrassing" even "dangerous" are some of the words the financial elite gathered at the World Economic Forum conference in the Swiss resort of Davos have been using to describe US Republican presidential frontrunner Donald Trump.