how are countries classified by world development report
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countries are divided into 2 division
developed country
developing countries
India is a developing country
an income criteria is decided above this criteria countries are developed nation
below this income criteria countries are developing nation
there must be at least other criteria for dividing countries except income
developed country
developing countries
India is a developing country
an income criteria is decided above this criteria countries are developed nation
below this income criteria countries are developing nation
there must be at least other criteria for dividing countries except income
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Answer:
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Explanation:
1. World Development Report 2006, brought out by the World Bank, this criterion is used in classifying countries.
2. Countries with per capita income of Rs 453000 per annum are called rich or developed countries.
3. Those with per capita income of Rs 37000 or less are called low income countries.
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