He was speaking on the sidelines of a curtain-raiser for the forthcoming summit of Bay of Bengal Initiative for Multi-Sectoral Technological and Economic Cooperation in Kolkata.
"We consider Kashmir to be a bilateral issue. Both countries are taking steps to resolve it," said Mukherjee.
He was reacting to a question on US President-elect Barak Obama's comment that he wants former President Bill Clinton as an emissary to resolve the Kashmir issue. Mukherjee said India considers the Shimla Agreement and the subsequent Lahore Agreement as the basis for resolving the Kashmir problem.
"The two agreements will pave the way for solving the issue," he said. On Obama's comments about reducing the outsourcing numbers during his election campaign, Mukherjee said, India will decide what to do, as and when the situation demands.
"Let the US first reduce its outsourcing numbers and then we will see how it impacts India and the world. We will decide what to do after that," he added.