 "Raghuram Rajan")
India needs to set long-term goals to insulate the farm sector from the vagaries of nature, Reserve Bank of India Governor Raghuram Rajan told a local television channel on Wednesday.
Rajan's comments came a day after he surprised investors with a steeper-than-expected interest rate cut to juice up economic growth.
India's farm output has taken a hit after two successive years of poor summer rains, stoking prices of some food items.
In an interview with NDTV, Rajan also urged wary Indian corporates to start making fresh investments.
He further said that he was not interested in heading the International Monetary Fund after finishing his term as India's central bank chief.
"It's not a job I have applied for," he told NDTV. "It's not a job I am running for."
Rajan's three-year term is due to end in Sept. 2016.
