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According to per capita income prepared by the World Bank in 2017, in which category is Indiaincluded –
  • a)
    rich countries
  • b)
    middle income countries
  • c)
    low middle income countries
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
According to per capita income prepared by the World Bank in 2017, in ...
According to the World Bank's per capita income data for 2017, India is included in the category of "Lower-middle-income economies."
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According to per capita income prepared by the World Bank in 2017, in ...
India is classified as a lower middle-income country by the World Bank. This means that India's per capita income is between $1,026 and $4,035. This classification is based on the World Bank's Atlas Method, which uses gross national income (GNI) per capita to compare countries. India's GNI per capita in 2017 was $1,876.
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