Balanced
Mobility story: how India's bottom 10% in 2011-12 moved up on household consumption
India's HCES 2023-24 shows significant poverty reduction. Extreme poverty (2011-12 bottom 10%) now affects under 0.5% of the population. Lower deciles exhibit strong consumption growth and upward mobility, driven by robust welfare policies and economic momentum, creating a new consumption middle class. The policy focus shifts from poverty reduction to consumption resilience and balanced growth. This encouraging data offers a stable foundation for India's economic future.
LiveMint · Ashish Kumar, Payal Seth · Jun 24, 2026 at 8:56 AM