India’s poverty level is decreasing for 2024 rates of SBI project 6.6%

Poverty rates are decreasing in 224. Poverty rates are likely to drop to 6.6 percent.

In 23, the World Bank of India has a significant improvement of the poverty rate of India’s World Bank.

The report states that the SBI and the World Bank estimates poverty …. SBI estimates is 6.6 percent in 224 … The World Bank estimates in 223. “

The report has highlighted that the country has made remarkable progress in reducing poverty and its latest estimate is further decreasing from the World Bank’s evaluation.

The decline in poverty is supported by a large number of new methods of data collection and updated definitions. India’s recent domestic consumption survey (HCES) improved mixed recall period (MMRP) method was adopted, replaced the old uniform reference period (URP).


According to the report, this new method uses less recall periods for goods that provide a more accurate picture of home use. As a result, the use of recorded in the national survey has increased, which has reduced the poverty level approximately. For example, in 2-3, the use of MMRP has dropped from 8.9 per cent to 5.2.5 percent.

The World Bank recently improved the global poverty line from $ 1.15 (2PPP) per day (2PP) per day, which initially increased the number of people in extreme poverty.

However, India emerged as a statistical outlet in a positive way. Thanks to its modified use data and modified survey methods, India’s up -to -date statistics reduced global poverty counts 125 million.

The SBI report states that after adjusting for the differences between procedures and definitions, recent estimates for India’s poverty ratio can be compared to the number of the World Bank.

India’s poverty prices shed light on the success of its economic reforms, targeted welfare plans and improved data system.

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