hectare in china and united states. however, yield of wheat at 4. 5 tonnes per hectare in punjab during 2010 – 11 is higher than that of the united states and the world average though it was marginally lower than 4. 7 tonnes per hectare in china. further, there exists a wide variation in productivity of these crops across states / regions in india ( charts 2 – 4 ). there is an urgent need to address inter - regional, inter - state and intra - state disparities in agricultural productivity. bis central bankers ’ speeches bis central bankers ’ speeches 11. there is also a need to emphasize on increasing productivity of millets such as jowar and bajra. the productivity of other crops such as oilseeds, pulses, and horticulture also needs to be improved. shortfall between demand and supply of key food items like milk and eggs is likely to occur which needs to be addressed. according to national dairy development board ( nddb ), india would need 180 million tonnes of milk by 2021 – 22. this would effectively mean that the current addition to annual production of milk which is 2. 5 million tonnes at present must be doubled to 5 million tonnes per year to achieve self sufficiency in 2021 – 22. likewise, national institute of nutrition has recommended 11 kg of meat and 180 eggs per capita consumption for our country, whereas the per capita availability of meat is just 1. 6 kg and per capita availability of eggs is 42. as per the eleventh five year plan, demand - supply gap during 2009 – 10 with respect to oilseeds is estimated to be around 13. 4 per cent in oilseeds, 18. 7 per cent in pulses and 2. 0 per cent in foodgrains. estimates by the indian council of agricultural research ( icar ) show that in order to meet demand requirements of food items like oilseeds, fish, eggs and fruits by 2020 – 21, production have to grow at an annual rate of 6. 0 per cent, 3. 5 per cent, 3. 4 per cent and 2. 9 per cent, respectively, for the period of 15 years i. e., during 2006 – 07 to 2020 – 21 ( table 2 ). therefore, a meaningful and comprehensive analysis of productivity of all segments of agriculture is needed for effective policy intervention. also, creation of opportunities and efforts to shift workforce engaged in agriculture sector to agro - industries and agro - services to increase employment would have to be made

the process of identifying our supervisors'level of ai knowledge. this will give us a clear picture of any knowledge gaps so that we can develop specific training programmes. one great way to identify any knowledge gaps is, of course, the good old conversation. i understand that financial institutions may be hesitant to engage in this type of conversation with their supervisor. to fully disclose what they are working on. what they are experimenting with. where they have encountered setbacks and hiccups. and where they question compatibility with existing supervisory rules and regulations. nevertheless. i encourage the financial sector to engage with us. to open up the conversation. to include us in their deliberations on the responsible use of ai. not only on the fringes of their work, but also in their core processes. ultimately, these conversations will benefit everyone. in'2001 : a space odyssey ', the hal - 9000 computer puts it this way :'the 9000 series is the most reliable computer ever made. no 9000 computer has ever made a mistake or distorted information. we are all, by any practical definition of the words, foolproof and incapable of error.'by the end of the movie, however, hal is shut down. dave, the main human character in the movie, had started to feel threatened by hal. after being shut down, the computer restarts. but any memory of what happened has been erased. contrary to the hal - 9000 computer, i don't think any of us would say that ai is foolproof and incapable of error. even now, well beyond 1968. well beyond 2001. on our odyssey, we will definitely come across issues with ai. but let's not feel threatened. let's not feel the need to unplug everything and start over. let's keep going. 3 / 4 bis - central bankers'speeches eventually, we'll reach the destination of our odyssey. a financial sector that has embraced ai to its fullest potential, and that does so in compliance with supervisory rules and regulations. thank you. 4 / 4 bis - central bankers'speeches