Poverty in India Drops Below 5%, Extreme Poverty Rates Nearly Non-Existent - PRESS AI WORLD
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Poverty in India Drops Below 5%, Extreme Poverty Rates Nearly Non-Existent

share-iconPublished: Friday, January 03 share-iconUpdated: Friday, January 03 comment-icon11 months ago
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INDIATIMES
Poverty in India Drops Below 5%, Extreme Poverty Rates Nearly Non-Existent

Credited from: INDIATIMES

  • According to a report by the State Bank of India, poverty rates in India have dropped to below 5%.
  • The study estimates current poverty levels at 4-4.5% and acknowledges almost minimal extreme poverty.
  • Rural poverty fell to 4.86% in FY24, significantly down from 7.2% in FY23.
  • Similarly, urban poverty declined to 4.09%, down from 4.6% the previous fiscal year.
  • The report suggests that poverty estimates may be refined following the completion of the 2021 census.

For more details, visit the original article here.

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Poverty Extreme poverty India SBI research Rural poverty Urban poverty
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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