Fig. 8.
a Three year moving average forecast of state liability India (Rupees Billion): 2019–20.
Source JMP Software Output, State Finances (2016–17 to 2018–19), RBI. b State lag regression forecast, Indian states: actual versus predicted state liability, 2019–20 (Rupees Billion). Source JMP Software Output, State Finances (1980–81 to 2018–19), RBI