"It's okay. I am not disappointed. All the other films are so good, so I have no complains," Basu said on the sidelines of an event at the Tata Memorial Hospital here Tuesday.
"Barfi!" was India's official entry for the best foreign language film category at the 85th Academy Awards this year.
Of the 71 films that qualified for the Oscars from across the world, nine have been shortlisted. These will further compete to make it to the final five.
The nine films are "Amour" (Austria), "War Witch" (Canada), "No" (Chile), "A Royal Affair" (Denmark), "The Intouchables" (France), "The Deep" (Iceland), "Kon-Tiki" (Norway), "Beyond the Hills" (Romania) and "Sister" (Switzerland).
The final list will be announced Jan 10.