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It will be “a long time” before India can replace China as a growth engine for the global economy, Rajan told BBC.
Investors feared fresh rate cuts in China would not be enough to halt a stock collapse that is wreaking havoc in global markets.
In late May, the Islamic State beheaded a number of captured Syrian soldiers at the ancient city of Palmyra.
Japan had formally surrendered on September 2, 1945, and China celebrated its victory the following day.
Fifty Indian companies currently operate in Egypt investing $3 billion dollars, and employing 35,000 in the local work force.
The Indian rupee slumped to as low as 66.48 per dollar on Monday, its lowest since September 2013.
Beijing has announced it would make an additional investment of $100 billion in the bloc by 2020.
Rome says the number of migrant refugees to reach Italy has soared to more than 110,000 in the first eight months of the year.
The basic pension fund’s outstanding value was 3.59 trillion yuan ($578 billion) at the end of last year.
India and Pakistan have fought two wars over Kashmir since they won independence from Britain in 1947.
