According to a Report from NITI Aayog, Poverty in India has been fall and dropped below 5.0%

The latest household consumer expenditure survey indicates that India’s poverty level has fallen below 5 percent 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 reflecting the rising level of prosperity in the country, according to data released by the National Sample Survey Office (NSSO) late on Saturday.

The consumer expenditure survey also reflects the success of the poverty alleviation measures taken by the government,” Subrahmanyam told journalists. He said that the survey, grouped the population into 20 different categories and the data showed that the average per capita monthly expenditure for all categories stood at Rs. 3,773 in rural areas and Rs. 6,459 in urban areas. The NSSO survey also indicates a significant fall in the share of consumption of cereals and food in the total expenditure of both rural and urban households in the country.

The average per capita monthly expenditure of the bottom 0 to 5 percent class is pegged at Rs 1,373 in rural areas and Rs 2,001 in urban areas. “If we take the poverty line and inflate it with the Consumer Price Index (CPI) to today’s rate, we see that the average consumption of the lowest 0-5 percent class, is about the same. This means that poverty in the country is only in the 0-5 percent group,” the NITI Aayog CEO said. The survey also factors in the benefit of government welfare schemes which have contributed to the consumption of poor households who have received free foodgrains and goods such as bicycles and school uniforms for their children.