An organizing framework It is meaningful to analyze the performance of the Indian economy over the past decade or so in terms of the simple framework displayed on Slide 1. The 2x2 matrix shows four scenarios emerging from favourable and unfavourable global and domestic conditions. It is quite easy to classify the period from 2003 to 2010 into two of the boxes.
I appreciate the opportunity to discuss recent developments in U.S. agriculture and its role in the U.S. economy. Agriculture remains a vital industry in the expansive region that the Federal Reserve Bank of Kansas City serves and, accordingly, our Bank has a long tradition of focusing significant attention on industry developments.