India News

India’s Poverty Gap Narrows in FY24: Rising Rural Consumption Drives Equitable Growth

A recent report by the State Bank of India (SBI) highlights a significant reduction in the poverty gap between rural and urban India in FY24, driven primarily by increased rural consumption and targeted government initiatives. The monthly per capita consumption expenditure (MPCE) gap between rural and urban areas has narrowed to 69.7% in FY24, down Read More…