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According to Soumya Kanti Ghosh, State Bank of India s group chief economic adviser, urban and rural poverty slumped to 4.6 percent and 7.2 percent, respectively, in 2022-23.

Uttar pradeshMadhya pradeshSoumya kanti ghoshConsumer expenditureConsumer expenditure surveyState bankHousehold consumer expenditure surveyEs 2022 23022 23 consumer expenditure surveyState bank of indiaSoumya kanti ghoshUrban consumptionRural consumptionPoverty rate