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      Question

      Under the revised international poverty line of

      $3.00/day (PPP), what was India's poverty rate in 2022–23?
      A 27.12% Correct Answer Incorrect Answer
      B 5.25% Correct Answer Incorrect Answer
      C 2.35% Correct Answer Incorrect Answer
      D 6.96% Correct Answer Incorrect Answer
      E 3.00% Correct Answer Incorrect Answer

      Solution

      According to the updated World Bank poverty line of $3.00/day (PPP) , India's poverty level in 2022–23 was 5.25% . This is a significant decline from 27.12% in 2011–12. The new estimate is based on improved consumption data and the MMRP (Modified Mixed Recall Period) method. India's ability to reduce poverty even under a higher threshold showcases the impact of effective economic and social policies.

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