Poverty declined faster in rural areas during FY24 as the poverty ratio dipped below 5 per cent for the first time to 4.86 per cent from 7.2 per cent in FY23, according to a study by SBI Research ...
Rural poverty in India declined to under 5% in 2023-24, surpassing urban areas, thanks to higher consumption growth among the bottom 0-5% decile and government initiatives like direct benefit transfer ...
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 ...
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with almost minimal incidence of extreme poverty, and a shrinking of urban-rural gap, researchers at the State Bank of India have said. Citing the results of the Household Consumption Expenditure ...
Boys play with a toy telephone as they react to the camera at a slum in New Delhi. Source: Reuters | File. In a historic first in India, rural poverty declined faster in the villages dipping below 5 ...
Rural poverty in India has witnessed a significant decline, dropping to 4.86 per cent in FY24, compared to 25.7 per cent in 2011-12, largely driven by government support initiatives, according to an ...
There has been a remarkable decline in rural poverty, which according to the Consumption Expenditure Survey, is estimated at 4.86 per cent in FY24 (7.2 per cent in FY23 and 25.7 per cent in FY12 ...
Rural poverty declined faster in rural India over the course of the year, as the poverty ratio dipped below 5 percent for the first time, according to analysis by SBI Research. A sharp rise in ...
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 ...