And trust in money itself would rely on trust in the intermediaries that issue private money.2 This is one reason why central banks keep fully up to speed on financial technological developments. After all, providing safe money and a reliable means of payment have been an integral part of the mandate and core business of central banks since their very inception.
If overall productivity is to be improved, a strategy which focuses on the specific bottlenecks in these states is probably the best way to go about it. I have not gone down to the next level of disaggregation, looking at productivity patterns across different kinds of pulses. Some of the inter-state variation is because the crop mix is different across states.