Rural Poverty Dips Below 5% for the First Time in FY24 - See Positive

Rural poverty in India has dropped to a historic low of 4.86% in FY 2023-24, as per SBI Research.

This marks a significant decline from 7.2% in FY 2023 and 25.7%in 2011-12.

Urban poverty has also decreased from 4.6% in FY 2023 to 4.09%in FY 2024.

The data highlights India's remarkable strides in poverty alleviation over the last decade.

Government welfare schemes and rural employment programs have played a pivotal role.

Economic growth and infrastructure development contributed to this transformation.

India’s dual focus on urban and rural development is paying dividends.

This milestone reflects progress toward a more inclusive and equitable society.