Published 2 months ago

Poverty Rate in India Drops Below 5% First Time Ever as Rural-Urban Divide Shrinks

India has eradicated extreme poverty, with the Gini coefficient showing reductions in both urban and rural areas, as per economists from The Brookings Institution.
The Headcount Poverty Ratio in India has decreased significantly, dropping from 12.2% in 2011-12 to 2% in 2022-23, supporting the claim that poverty has been eliminated in India.
The National Sample Survey Office has recorded a decline in poverty in India to below 5%, with a 2.5-fold increase in consumption in both urban and rural households.

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Times of India

India officially eliminates 'extreme poverty', claim multiple reports

India Business News: India has officially ended extreme poverty, thanks to high consumption, significant growth in real per capita consumption, and shifts in monthly consu

2 months ago·India

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News18 India

Global Development | India Poverty | In A Significant Global Development, India Poverty Rate Down

Global Development | India Poverty | In A Significant Global Development, India Poverty Rate Down | News18 In a significant global development, India's extreme poverty 'less than 3%' : Govt Advisor.

2 months ago·India

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The Hindu

Poverty levels now below 5%, destitution almost extinct: Niti Aayog CEO

B.V.R. Subrahmanyam extrapolates Household Consumption Expenditure Survey findings to argue that growth is inclusive and broad-based, while inequality is shrinking

2 months ago·India

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NDTV

Poverty In India Has Reduced To 5%, Claims Niti Aayog Chief

Poverty in India has come down to below 5 per cent, claimed NITI Aayog CEO BVR Subrahmanyam citing the latest Household Consumption Expenditure Survey (HCES). The survey, conducted between August 2022 and July 2023, provides insights into household consumption, highlighting poverty levels and the effectiveness of poverty alleviation measures implemented by the government. Mr Subrahmanyam said that the survey's data on household consumption is a …

2 months ago·New Delhi, India

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WION

Extreme poverty has been eradicated in India, says report

India has successfully eradicated extreme poverty, indicates a commentary penned by economists Surjit Bhalla and Karan Bhasin in The Brookings Institution, a prominent American think-tank. The assertion is based on the recently disclosed consumption expenditure data for the year 2022-23, revealing a notable annual growth of 2.9 per cent in real per capita consumption since 2011-12. Notably, rural areas experienced a significantly higher growth

2 months ago·Noida, India

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ABP News

India's Poverty Level Plummets To 5 Per Cent, Says NITI Aayog CEO

CEO of NITI Aayog, BVR Subrahmanyam, has said that India's poverty level has dramatically decreased to 5 per cent, showcasing a promising shift in the country's economic landscape. This revelation comes in light of the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO), marking a substantial increase in household consumption expenditure. The report, released after a hiatus of more than a decade, disclosed th…

2 months ago·India

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