Kerala has lower per capita income yet claimed to be. richer than many states of india. why
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Kerala, with lower per capita income has a better human development ranking than Punjab. This is because Kerala has higher Literacy Rate, Net Attendance Ratio and Infant Mortality rate than Punjab. They are also some important criterions to measure the development in a country.
But even then it cannot be said that Per Capita Income is not a useful criterion AT ALL. To measure the economic development of a state/country, it is an imp. criterion. along with the others mentioned above.
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