How is world Bank compare the development of countries in the world? Explain
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Explanation:
world bank compare countries based on their per capita income.
countries with per capita income of us$12236 per annum are classified as rich countries.
countries with per capita income of US$1005 per annum are classified as low income countries.
India comes in the category of low middle income as the per capita income is US$ 1840 in 2016
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