India’s latest data just flipped the poverty narrative! A new government consumption survey shows that the India Poverty Rate has dropped dramatically to 5.3% in 2022-23, thanks to better spending patterns and a stronger rural-urban balance.
Highlights:
- ✅India Poverty Rate fell to 3%, a steep drop from earlier years.
- 🏙️Urban-rural spending gap is narrowing = less inequality!
- 🧾World Bank’s new poverty line is $3.00/day (2021 PPP), but India’s better data offsets a global rise in extreme poverty
- India alone helped cancel out a 125 million spike in global poor counts.
👉 Why this matters: This shows real on-ground progress. Fewer people struggling = a healthier, stronger India.
🔗 Trusted Source: World Bank via Business Standard
🔍 Curated by Articoli News
🖋️ Written and summarized by our editorial team using AI assistance and human review.
📚 Sources: Market insights on the internet and other verified media platforms.
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