Assertion: India is a low income countryReason: Its per capita income ...
The assertion is incorrect because India is not classified as a low-income country. According to the NCERT textbook, it is a low middle-income country. Also in 2019, the per capita income of India was $6700 per annum.
So, both A and R are incorrect.
Assertion: India is a low income countryReason: Its per capita income ...
Understanding the Assertion and Reason
The assertion states that India is a low-income country, while the reason provided explains this by referencing its per capita income of less than US $1840 per annum.
Analysis of the Assertion
- Current Classification: India is classified as a lower-middle-income country according to the World Bank, which includes nations with a per capita income between $1,046 and $4,095.
- Economic Growth: Despite significant economic growth and development, India's per capita income still falls short of the 'upper-middle-income' threshold.
Evaluation of the Reason
- Per Capita Income: The reason states that India's per capita income is less than US $1840. While this figure is close to the lower-middle-income threshold, it does not accurately reflect India's current economic status.
- Current Statistics: As of the latest data, India's per capita income is estimated to be above the $1,840 mark, suggesting that the reason is outdated or incorrect.
Conclusion
- Correctness of Assertion and Reason: Since the assertion can be seen as incorrect due to India's classification and the reason provided is also inaccurate, the correct answer is option 'A': Both A and R are wrong.
This explanation highlights the discrepancies in the assertion and reason, emphasizing the need for updated data when evaluating a nation's economic status.