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India witnessed outflows of just $329 million in 2014 as of February 11, says Bloomberg.
The two sides announced they will work together as global rules being rewritten.
India makes a comeback to the Olympic fold following "clean elections" in the Indian Olympic Association.
Presently BRICS GDP equals that of half of the 34-member OECD.
China and India share a 2000-km-long border that has never been formally delineated.
Number of foreign tourists arriving in India grew by 13 per cent during the first nine months of 2013.
The border market is open for only six months of the year.
Rajan said emerging economies pulled global economy out of recession.