I realise that this may sound like a bad idea these days. Fundamentally, securitization is an important innovation that carries substantial promise of better risk management and, ultimately, even better financial stability.
In this “information age”, the key to raising productivity lies in learning from the best practices in the world and adapting them to local conditions – “thinking global and acting local” in its quintessence. Rebuilding an agricultural extension system that is knowledgeable, enthusiastic and sensitive to the Indian learning culture remains a challenge.