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Rural Poverty Fell to Record Low of 4.86% in FY24: SBI Research Report
The New Indian Express Kozhikode
|January 04, 2025
HIGHER consumption in the lowest 0-5% decile and government support programmes have significantly brought down poverty in India – both rural and urban – an SBI research report released on Friday said.
Rural poverty crashed to 4.86% in FY24 from a high level of 25.7% in 2011-12, while urban poverty dropped to 4.09% from 13.7% in the same period, the report noted.
In FY23, rural and urban poverty rates were 7.2% and 4.6%, respectively.
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