According to the State Bank of India (SBI) report on India's poverty rate for 2024, what is the estimated national poverty rate?

5.5% to 6.0%

4.0% to 4.5%

3.5% to 4.0%

4.5% to 5.0%

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NTPC Graduate Tier 1

2025 • 05 Jun, 2025 • Shift-3

According to the State Bank of India (SBI) report on India's poverty rate for 2024, what is the estimated national poverty rate?

Correct Answer

4.5% to 5.0%

[Economic Report Context]: Leading financial institutions regularly assess national socio-economic indicators. The SBI Economic Research Department published a ......

💡 Analysis & Explanation

[Economic Report Context] ▼

Leading financial institutions regularly assess national socio-economic indicators. The SBI Economic Research Department published a crucial evaluation concerning wealth distribution and systemic poverty alleviation.

[Data Source Methodology] ▼

The research deeply analyzed recent household consumption expenditure surveys to mathematically deduce the shifts in the baseline poverty threshold.

[Statistical Output] ▼

Defying older, higher estimates, the authoritative 2024 analysis highlighted a significant macroeconomic improvement, placing the rural and urban blended poverty level in a highly specific, lowered bracket.

Conclusion ▼

The report confidently estimated the rate to fall between 4.5% to 5.0%.

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According to the State Bank of India (SBI) report on India's poverty rate for 2024, what is the estimated national poverty rate?