According to the latest NSSO consumer expenditure survey conducted in 2024, what is the reported poverty rate in India?
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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