Question

according to per capita income perpared by the world bank in 2004 in which category is india included​

Answer 1

US $ 3139 per annum.

Explanation:

• The total income of the country in a country divided by the total number of the people in the country is called per capita income.
• Since the advent of the century, India's per capita income has increased.
• As per the world bank report, the per capita income of India in 2004 was 3139$.

Learn more about India's per capita income here:

India's per capita income is low? Do you agree. Give reasons.

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Answer 2

According to per capita income perpared by the world bank in 2004, the category in which India included​ is the Lower-middle – $1,026 to $3,995

Explanation:

India continues to be the only BRICS country in World Bank category. It falls in the lower middle income country. The World Bank classifies economies based on gross national income per capita in US dollars, calculated using what is called the Atlas method. The Bank uses four income groups: Low – $1,025 or less, that is Rs 70,069 or less. Lower-middle – $1,026 to $3,995, that is Rs 70,137 to Rs 2,73,098. As of 2017 the per capita income of an average Indian annually was 7,060 PPP dollars (2017).

Learn more about Per capita Income

Define average income

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Like other average figures,per capita income may not reflect the real economic condition.Justify the statement

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