SBI Reports Decline in Poverty in India:
A recent research report by the State Bank of India (SBI) highlights a remarkable decline in poverty rates across rural and urban India.The report attributes this decline to targeted government interventions, enhanced rural infrastructure, and improved consumption patterns among lower-income groups.Rural Poverty: Reduced to 4.86% in FY24 from 25.7% in 2011-12. Urban Poverty: Estimated at 4.09% in FY24, down from 13.7% in 2011-12.
