Fears of economic instability due to the slowing of massive monetary stimulus policies are unwarranted, top central bankers said at the World Economic Forum annual meet here, amid accusations that the easy money has won only a timid recovery.

The Indian story is looking better this year but it is nowhere close to the exuberance seen at the World Economic Forum meet a few years ago, prominent banker Uday Kotak said on Saturday.

Secretary of State John Kerry dismissed on Friday as "a myth" suggestions that the United States was withdrawing from world affairs.