It is noteworthy that the interface between the RBI and the State Governments arises not only out of statutorily mandated obligations but also voluntarily, based on mutual trust.
This conference has contributed  8  Own calculations of growth decomposition based on Kehoe, T.J. and F. Meza, (2011), “Catch-up Growth Followed by Stagnation: Mexico, 1950–2010,” Latin American Journal of Economics, 48(2); and data from World Development Indicators, International Financial Statistics and Conference Board Total Economy Database.