Rural poverty declines sharply in FY24 at 4.86%: SBI research
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 infrastructure developments have contributed to narrowing the rural-urban income gap, with significant improvements in rural livelihoods.
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 infrastructure developments have contributed to narrowing the rural-urban income gap, with significant improvements in rural livelihoods.
