- Key Findings:
- Rural Poverty Reduction: The poverty ratio in rural areas has significantly decreased, standing at 4.86% in FY24, down from 7.2% in FY23.
- Urban Poverty: The urban poverty ratio also declined to 4.09% in FY24, from 4.6% in FY23.
- Contributing Factors:
- Improved Infrastructure: Development in rural infrastructure.
- Consumption Growth: Rapid growth in rural consumption levels.
- Direct Benefit Transfers: Government transfers played a major role in poverty reduction.
