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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


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

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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