India’s richest province of Maharashtra is the nation’s best performer, state rankings released by a domestic credit rating company showed, highlighting its robust position on finances and social indicators.
The rankings, released by CareEdge — research arm of Care Ratings Ltd. — also painted a favorable picture of Prime Minister Narendra Modi’s home state of Gujarat that boasted of robust economic growth and fiscal management, while India’s most industrialized state of Tamil Nadu ranked third with an edge in social and governance categories.
“Maharashtra, the financial capital of the country, tops the ranking with a