Below 5% Indians living in absolute poverty: NITI Aayog CEO
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Less than 5% of Indians now live in absolute poverty, NITI Aayog CEO BVR Subrahmanyam has said, citing the Household Consumption Expenditure Survey (HCES) for 2022-23. But he added this does not mean people in India are well off now. "It means those living in absolute destitution are less than 5%," Subrahmanyam told News18. The HCES, undertaken from August 2022 to July 2023, offers insights into poverty rates, household consumption patterns, and the efficacy of the government's poverty alleviation initiatives.