Poverty In India Has Reduced To 5%, Claims Niti Aayog Chief

Mumbai: Referring to NSSO Data, Nitit Ayog CEO, B.V.R. Subrahmanyam claimed that poverty has fallen below 5%. The survey also revealed that the average per capita monthly expenditure of the bottom 0-5 per cent class is pegged at Rs 1,373 in rural areas and Rs 2,001 in urban areas.

NSSO has released the latest NSSO data on household consumer expenditure which indicates that India’s poverty level has fallen below 5 per cent and people are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO B.V.R. Subrahmanyam said on Sunday.

The per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12 which reflects the rising level of prosperity in the country, according to data released by the National Sample Survey Office (NSSO) on Saturday.