According to per capita income prepared by the World Bank in 2017, in which category is India included?

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Rich country

Low country

Middle income country

Low middle-income country

answer is D.

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Detailed Solution

According to the per capita income prepared by the World Bank in 2017, India is included as a low-middle income country.
India falls under the low-middle income group because the country's per capita income in 2019 was only US$6700. The term "developed countries" often refers to wealthy nations, excluding Middle Eastern nations and certain other minor nations. However, India and 46 other nations are still classified as lower-middle-income nations. Rich countries have a per capita income of at least US$12,056 per year as of 2017. Low-income nations are those with per capita incomes of $955 or less.

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