Question

How worldbank measures the development of different countries

Answer 1

It's believed that higher the per capita income of a country, higher is the level of development.

The World Bank uses this criterion (per capita income) to classify countries into three categories:

(1): Countries with per capita income of about ₹4,35,500 or more come under high income countries. USA, UK, Germany, Denmark, Japan and Singapore are the examples if this category.

(2): Countries, whose per capita income is between ₹35,500 and ₹4,35,500 are medium-income countries. Under this category are Sri Lanka, China, Iran, Argentina and Brazil.

(3): Countries with per capita income less than ₹35,500 are low-income countries. India, Pakistan, Nepal, Bangladesh and Kenya come under this category..

Hope it helped...