%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(16).png "Rural poverty has significantly decreased, according to SBI's economic research department")
- Here are the key points:
- Decline in Rural Poverty: Rural poverty dropped to 4.86% in 2023-24, compared to 25.7% in 2011-12. This indicates a significant reduction in the percentage of people living below the poverty line in rural areas.
- Factors Contributing to the Decline:
- Higher Consumption Growth: The lowest income groups in rural areas experienced higher growth in consumption, which contributed to the reduction in poverty.
- Government Support Programs: Various government initiatives and support programs aimed at uplifting the rural population have played a crucial role in reducing poverty levels.
- Urban Poverty: The report also highlighted that urban poverty decreased to 4.09%, showing an overall improvement in living standards across both rural and urban areas.
Question:
1 According to the State Bank of India's Economic Research Department (ERD) report, what was the rural poverty rate in 2023-24?
- A) 4.86%
- B) 10.5%
- C) 25.7%
- D) 15.3%
