Question
According to the latest NSSO consumer expenditure survey conducted in 2024, what is the reported poverty rate in India?
This question was previously asked in
RRB NTPC 2024 Undergraduate CBT 1 Question Paper (29-Aug-2025) (Shift 1)
The correct answer is
Below 5%
The correct answer is option 3 i.e. Below 5%.
- According to the latest Household Consumption Expenditure Survey (HCES) by NSSO for 2022–23, India's poverty rate has declined to below 5%, as stated by NITI Aayog CEO B.V.R. Subrahmanyam.
- The survey indicates that per capita monthly household expenditure has more than doubled since 2011–12, reflecting increased prosperity in both rural and urban areas.
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