The poverty line is now set at INR 1,632 for rural areas and INR 1,944 for urban areas, significantly higher than the INR 816 (rural) and INR 1,000 (urban) benchmarks established in 2011-12.

The report also highlighted significant improvements in rural and urban poverty levels over the years, supported by data from the government’s Consumption Expenditure Survey. Recently Prime Minister ...

New Delhi, Along with the sharp decline in poverty in India, there has also been a marked reduction in the rural-urban income divide in the country, according to an SBI Research analysis of a ...

A research study by State Bank of India (SBI) highlighted that the extreme ... (7.2 percent in FY23 and 25.7 percent in FY12), while urban poverty is estimated at 4.09 percent (4.6 percent in ...

In urban areas, the corresponding MPCE was Rs 2,376 in 2023-24, up 18.7% from Rs 2,001 in 2022-23. (Image/Freepik) India’s poverty fell sharply from close to 22% in 2011-12 to well under 5% in ...

As we step into a new year, one cannot help but reflect on the persistent question: Is poverty genuinely decreasing in a nation that is purportedly progressing?

Imagine being in one of India’s bustling cities, surrounded by towering skyscrapers and the constant hum of honking cars.

p>As the poverty rates in the country declined below 5 per cent in 2024, a research study by State Bank of India (SBI) also highlighted that the extreme poverty in the country has reduced to ...

India’s poverty rate has fallen below 5%, with extreme poverty nearly eradicated, according to a research study by the State Bank of India (SBI). The report estimates that national poverty rates are ...

We believe urban poverty could decline even further . At an aggregate level, we believe poverty rates in India could now be in the range of 4%-4.5% with almost minimal existence of extreme poverty ...

By 2018, half of the region’s population will be urban – more than 1.2 billion people in all, or one-third of the world’s urban population. City-led growth has helped life 655 million people out of ...

Rural poverty in India has notably dropped to 4.86% in 2023-24, down from 25.7% in 2011-12, driven by government support. Urban poverty also declined to 4.09%. Increased consumption and ...