Before I turn to the subject of my address today, I thought a journey down memory lane might be appropriate for the occasion. The Asia KLEMS has a short but eventful history, replete with promoting the building of databases and conducting international productivity comparisons among Asian economies. The first Asia KLEMS conference was held in Tokyo in 2011.
The abiding interest in that Conference was in productivity growth, going by the papers presented, a theme to which we return today. The  1 Inaugural address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank  of India (RBI) at the Sixth Asia KLEMS Conference on June 11, 2023 at Lonavala.