Reserve Bank Governor Raghuram Rajan on Thursday said it was a worthwhile ambition to pursue Make In India campaign but cautioned that the whole effort should not be made towards producing for overseas markets as global slowdown could create problems. The Reserve Bank chief also emphasized the need for creating conducive regulatory atmosphere and infrastructure for promoting manufacturing and services sector. The RBI governor, who is on a two-day visit to Kashmir, was replying to questions of students from Kashmir University's Business School at SKICC in Srinagar.Mr Rajan said that the Modi government's flagship scheme should not entirely focus on outside markets. He said, by all means we should try our best to produce for the world but if the world is growing slowly, there would not be as much demand as when the world is growing fast.Prime Minister Narendra Modi had launched Make In India campaign in September last year to make the country a hub of global manufacturing and create jobs for growing population.