Punjab Emerges As the Most-Affluent Indian States, Reports Crisil


Bangalore: Punjab, with the presence of highest proportion of all consumer durables, is now the most well-to-do state in India. On the contrary, Madhya Pradesh features at the very bottom, as per the soon to be released report by ratings and research firm, Crisil, reports Surojit Gupta and Sidhartha of TOI.

Based on the pattern of ownership of consumer durables across various regions in a state, Crisil has compiled indices for prosperity and equity (or 'equality index).

As per the Crisil findings, Punjab has the highest proportion of households with all durables, including a computer (10 in every 100). The state has also witnessed the lowest proportion of households with no durable asset, not even a mobile or a bicycle (just over 4 percent). The success of this state is attributed to the success of agriculture outcomes, as well as high minimum support price and public acquisition of grains.

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