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As Punjab’s debt rises to Rs 3.74 lakh crore, a look at how India’s no. 1 state fell to 13
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Punjab is grappling with an outstanding debt of Rs 3.74 lakh crore, constituting more than 46 percent of the state's GDP of over 8 lakh crore. This translates to a per capita debt of Rs 1.24 lakh for each of the state's three crore residents. Punjab, once India’s richest state, has slipped and fallen behind. MSP and subsidies should continue, but it needs to rediscover its entrepreneurial impulse. Watch #NationalInterest, originally published on 16 January, 2021, with the Editor-in-Chief @ShekharGupta
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