The recent household expenditure surveys for 2022-23 and 2023-24 released by the government of India reveal India has nearly eradicated extreme poverty.
According to SBI Research, rural poverty has decreased from 25.7% (2011-12) to 7.2% (2022-2023) while urban poverty has reduced from 13.7% (2011-12) to 4.6% (2022-2023).