But in the medium term, sustainable growth can be achieved only by undertaking deep structural reforms that have been procrastinated for too long. The second pillar of a response to the crisis consists of a re-design of the fiscal governance in the euro area, what I called the fiscal compact.
Some of the other reasons that can be attributed to the low agricultural productivity in our country are (i) Lack of irrigation facilities in major part of the cultivated land; (ii) Small and fragmented land holding with the cultivators; (iii) Lack of timely availability of quality seeds, fertilizers for providing all major and minor nutrients for the crops and insecticides in many parts of the country; (iv) Lesser availability of photo period as compared to countries like those in Mediterranean sea areas.