Young people in Punjab sell farms, buy SUV, drink a lot & end up broke: World Bank chief

Arshiya Chopra, Published on Jun 21st, 2026

Young people in Punjab sell farms, buy SUV, drink a lot & end up broke: World Bank chief

World Bank's Indian-origin President Ajay Banga spoke about youth of Punjab, stating it used to be India's agricultural centre. "Today...young kids there have sold their farms. They are...rich for about 4 years and buy a great SUV...smoke and drink a lot. [Then] they're broke and end up in a shanty town of urban centre...to find gig economy jobs," he said.

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