NITI Aayog CEO BVR Subrahmanyam has said India's poverty level has fallen to just five per cent, signalling an improvement in the nation's economic landscape.

He cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO), indicating a significant rise in household consumption expenditure.

• It may be noted that the report has been released after more than a decade’s gap. It revealed that per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. 
• Subrahmanyam highlighted the importance of the survey in assessing poverty levels and the effectiveness of poverty alleviation measures. 
• The survey categorised people into 20 different groups, revealing that the average per capita monthly expenditure in rural areas is Rs 3,773, while in urban areas, it stands at Rs 6,459.