Current Affairs - Economy - Discussion

As per the SBI report, India’s rural poverty rate in 2024 was 4.86%, a significant decline from 25.7% in FY12. Urban poverty also saw a substantial drop from 13.7% in FY12 to 4.09% in FY24. These figures highlight the country’s progress in reducing poverty across both rural and urban areas. The improvements are attributed to sustained economic growth, inflation-adjusted poverty lines, and targeted welfare measures aimed at uplifting disadvantaged communities.