Question : According to the World Bank classification, India belongs to the category of ________.
Option 1: upper-middle income country
Option 2: low-income country
Option 3: lower-middle income country
Option 4: high-income country
Correct Answer: lower-middle income country
Solution : The correct answer is a lower-middle - income country .
India is categorised as a lower-middle-income nation in the World Bank's 2020–2021 economic classification of economies by income level. Accordingly, India's Gross National Income (GNI) per person ranges from $1036 to $4045. India's GDP per person was $1970 in 2020, placing it in the lower-middle income range.
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