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India's poverty rate drops to 4.6% in 2024, aided by improved data methods and reforms.
India's poverty rate is expected to drop to 4.6% in 2024 from 5.3% in 2023, according to a recent State Bank of India report.
This improvement is due to better data collection methods and economic reforms.
The new Modified Mixed Recall Period method in household surveys has led to more accurate consumption data, contributing to the decline in poverty.
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La tasa de pobreza de la India cae al 4.6% en 2024, ayudada por mejores métodos de datos y reformas.