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Punjab and Kerala top in prosperity and equality among Indian states,
while Maharashtra leads the pack in terms of per capita income, says a
study by Crisil.
Punjab, which tops the prosperity list, is at the second place in the chart of equality that is topped by Kerala.
"Madhya Pradesh is the least prosperous state," says the study.
Crisil
has developed the prosperity and equity indices on the basis of
ownership of consumer durables in a state, using the 2011 Census data.
It does not account for inter-state differences in ownership of
financial or other assets such as land.
On prosperity index,
Haryana, Karnataka and Tamil Nadu figure in the top five positions. On
equality, Chhattisgah, Bihar and Jharkhand share top slots after Kerala
and Punjab.
Courtesy: November 2013 CRISIL Insight report
Gujarat, whose development model is much debated, is placed at
sixth position in prosperity index, while on equality the state is on
seventh slot.
This widespread ownership makes Punjab the most
prosperous state, the report said, adding that Punjab and Kerala also
have the least disparity in asset ownership between their capital cities
and the rest of the state.
"Madhya Pradesh is the least
prosperous state. Moreover, there is large disparity in living standards
among households in Bhopal, as well as between Bhopal and the rest of
the state. For example, 15 per cent of households in the capital have
all assets, which is comparable to Mumbai. However, over 12 epr cenr of
households in Bhopal have no durables assets compared with a 2.2 per
cent in Mumbai.
Chhattisgarh, Bihar also figure at the bottom of the prosperity index, says the study.
Maharashtra
has the highest level of real income per person (per-person state gross
domestic product at 2004-05 prices) among the major states. But the
penetration of household ownership of durable assets in the state is
lower than six others, it added.
Punjab has the highest proportion
of households with all durables, including a computer (10 in every 100)
and the lowest proportion of households with no durable asset, not even
a mobile or a bicycle (just over 4 per cent), indicating its overall
prosperity.
At the second slot is Kerala with its handsome
remittances along with healthy farm and tourism sectors. It is followed
by Haryana, Karnataka, Tamil Nadu and Gujarat, showing higher growth has
brought in prosperity to these states in terms of ownership of cars and
two-wheelers, mobiles and computers.
Courtesy: November 2013 CRISIL Insight report
Gujarat is ranked at third in terms of high prosperity and
high equality among the high-growth states which is topped by Kerala and
Punjab, the study said.
Madhya Pradesh and Odhisa figure worst in low prosperity and low equality.
Haryana, Karnataka, Maharashtra and Tamil Nadu are among the high prosperity states, but they score poor on equality index.
Jharkhand, Uttar Pradesh, Bihar and Chhattisgarh fare better in equality index but lag in prosperity index.
Gurgaon
is the most prosperous city, with one in five households in the NCR
region owning an asset. While Chennai tops the list among state
capitals, it is followed by Hyderabad and Bangalore whereas Patna and
Raipur are at the bottom.
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