♦ According to the State Bank of India (SBI) research report, India’s rural poverty has declined significantly to 4.86 percent in the financial year 2023-24. It stood at 25.7 percent in the financial year 2011-12. 

♦ The urban poverty has fallen to 4.09 percent from 13.7 percent over the last twelve years (2011-12 to 2023-24).

♦ The poverty line, originally defined in 2011-12 and adjusted for inflation, now stands at Rs 1,632 for rural areas and Rs.1,944 for urban areas.

♦ Using this benchmark and fractile distribution data, poverty rates were calculated at 4.86% for rural areas and 4.09% for urban areas in FY24.