Poverty has come down to below 5% in India: NITI Aayog CEO
Team Current Hunt
NITI Aayog CEO B V R Subrahmanyam said that People are becoming prosperous in rural and urban areas.
He said that as per the latest consumer expenditure survey, poverty has come down to 5%.
The National Sample Survey Office (NSSO) released data on household consumption expenditure for the year 2022-2.
According to this data, the per capita monthly household expenditure has become doubled in 2022-23 as compared to 2011-12.
This survey has kept people in 20 different categories and the average per capita monthly expenditure for all categories stood at Rs 3,773 in rural areas and Rs 6,459 in urban areas.
If the trend continues then it might become possible that urban and rural consumption become the same in the coming years.
Consumption in rural areas is growing faster than in urban areas. The gap was 84 per cent in 2011-12 and has come down to 71 per cent in 2022-23.
As per the NSSO survey, consumption of cereals and food has decreased. In rural areas, the consumption of cereals has decreased.
Consumption of cereals and food in urban areas has also decreased as a share in the average MPCE from six per cent in 2011-12 to less than four per cent now.
In food, people are drinking more milk, eating fruits and more vegetables.
