Answer: 5 %
Notes: According to the National Sample Survey Office (NSSO) consumer expenditure survey, India's poverty rate is 5%. This indicates that both rural and urban areas are becoming more prosperous. The survey also shows that per capita monthly household expenditure has doubled. The survey also shows that rural poverty has declined from 25.7% in 2011-12 to 7.2% in 2022-23. Urban poverty has also declined from 4.6% in 2011-12 to 4.5-5% in 2022-23.
