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SBI report on Poverty of India
January 11 , 2025
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- The monthly per capita consumption expenditure (MPCE) for 2023–24 stands at Rs 4,122 for rural areas and Rs 6,996 for urban areas.
- This translates to daily expenditures of Rs 137 and Rs 233, respectively.
- The SBI Research updated the 2011-12 poverty line for 2023-24, setting it at 1,632 per month for rural areas and Rs 1,944 for urban areas.
- Individuals with income levels below these thresholds are classified as poor.
- By in large comparison, the 2011-12 poverty lines were Rs 816 and Rs 1,000, respectively.
- Based on this new line, 27.4 per cent of the rural and 23.7 per cent of the urban populations are poor.
- Overall, in the country, 26.4 per cent of the population is poor.
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