Yet it is vital to ensure that this framework is not overly rigid; we should not confuse stagnation with stability. The financial system is in constant flux, and regulation has to keep pace with it. Tradable asset backed securities are a case in point. Introducing timely and adequate regulation on this innovation might have prevented the financial crisis from taking such a dramatic course.
The growth of agriculture and allied sector was most impressive during the 6th Five Year Plan period (1980 to 1985) when it peaked at 5.8 per cent. The annual average agricultural growth rate moderated thereafter as shown in the following table. BIS central bankers’ speeches  9  29. How do we respond to declining growth and moderating productivity improvements?