Poverty Declines To Below 5%, Rural-Urban Consumption Gap Narrows: SBI Research

The SBI research revealed a sharp decline in rural poverty to 4.86% in FY24 (from 7.2% in FY23 and 25.7% in FY12) and urban poverty to 4.09% in FY24 (from 4.6% in FY23 and 13.7% in FY12).