2023 consumption survey reveals 'sharp decline' in rural-urban divide
Rural poverty estimated to have declined to 7.2% in FY23 compared to 25.7% in 2011-12, while urban poverty dipped to 4.6% from 13.7%
Rural poverty estimated to have declined to 7.2% in FY23 compared to 25.7% in 2011-12, while urban poverty dipped to 4.6% from 13.7%
After growing strongly for two years straight, real GDP growth to decelerate to 5.2% YoY in FY24, while nominal GDP to weaken sharply to 7-7.5%, says the broking firm.