A Comparative Analysis of Leading States with Economically Poorer States in India

Abstract

Economic diversification is the main feature of Indian economy. Income distribution and poverty remains the main variable diversification. Poverty is a multidimensional concept, that effected by many variables. An attempt has been made in the present paper to examine a comparative analysis of poverty and financial status of leading states with economically poorer states in India. The study based on primary data and simple statistical tool has been used. Study concluded that it may be concluded that poverty and outstanding loan was correlated with each other for most of stats. The state have lower rate of poverty reported lower rate of outstanding loan. But in some cases like Bihar where poverty rate was higher but outstanding loan was lowers.