According to the State Bank of India (SBI) report on India’s poverty rate for 2024, what is the estimated national poverty rate?

Question

Question

This question was previously asked in

RRB NTPC Graduate Level CBT-I Official Paper (Held On: 05 Jun, 2025 Shift 3)

Answer 1

The correct answer is 4.0% to 4.5%.

Key Points

According to the State Bank of India (SBI) report, India's poverty rate for 2024 is estimated to be in the range of 4.0% to 4.5%.
The report highlights a significant reduction in poverty levels compared to previous years due to economic reforms and social welfare programs.
Poverty rates are calculated based on income thresholds and consumption expenditure data derived from household surveys.
The SBI's research reflects India's progress towards achieving Sustainable Development Goals (SDGs), particularly Goal 1: No Poverty.
The reduction in poverty is attributed to factors such as rising rural incomes, government schemes, and improved access to education and healthcare.

Additional Information

Poverty Measurement
- Poverty is measured using the poverty line, which refers to the minimum income level required to meet basic needs.
- India uses data from the National Sample Survey Office (NSSO) to estimate poverty rates.
- Poverty reduction is influenced by factors like economic growth, social welfare schemes, and employment opportunities.
Government Schemes Targeting Poverty
- Programs like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) aim to provide employment and reduce poverty.
- Housing schemes such as Pradhan Mantri Awas Yojana (PMAY) contribute to poverty alleviation by ensuring shelter.
- Direct Benefit Transfers (DBT) and subsidy reforms enhance targeted delivery of benefits to poor households.
Sustainable Development Goals (SDGs)
- Goal 1: No Poverty aims to eradicate extreme poverty and reduce poverty in all dimensions.
- India’s poverty reduction efforts align with SDG targets set for 2030.
- Social inclusion and access to basic services are integral to achieving these goals.
State-wise Poverty Trends in India
- States like Kerala, Goa, and Punjab report lower poverty rates due to higher economic development.
- States with higher poverty levels include Bihar and Odisha, where targeted interventions are required.
- Regional disparities in poverty levels highlight the need for customized policy measures.