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flag India's poverty rate drops to 4.6% in 2024, aided by improved data methods and reforms.

flag 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. flag This improvement is due to better data collection methods and economic reforms. flag 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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