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.

In a historic first in India, rural poverty declined faster in the villages dipping below 5 per cent over the span of a year. The latest SBI Research paper says that rural poverty declined to 4.86 per ...

The gap in monthly per capita consumption expenditure (MPCE) has decreased significantly, with the difference between rural and urban MPCE now at 69.7%, a sharp decline from 88.2% in 2009-10. This ...

while urban poverty is at 4.09%, a decline from 4.6% in FY23. These trends suggest that the overall poverty rate in India may now be in the range of 4% to 4.5%, with extreme poverty nearing ...

It said "At an aggregate level, we believe poverty rates in India could now be in the range of 4-4.5 per cent with almost minimal existence of extreme poverty" The report also highlighted significant ...

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

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?

"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," it ...

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 ...

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 ...

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 ...