BUSINESS
Elimination of Extreme Poverty: What the Consumption Expenditure Survey data tells us
The PPP $1.9 poverty line in 2011-12 was Rs 790 per person per month in rural areas and Rs 967 in urban India. For 2022-23, accounting for inflation factors provided in the HCES, poverty line in rural areas is Rs 1,452 and urban areas is Rs 1,752. Only 2.5% of rural and 1% of urban population has consumption expenditure lower than the above numbers, and hence are the only ones still below the poverty line