Question

On what basis the high and low income countries have been categorised in the world? What are the limitations of this approach ? According to world development report 2006 India comes in which category? Give reason for the same .​

Answer 1

Answer:

In World Development Report 2006, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capital income of Rs 4,53,000 per annum and above in 2004, are called rich countries and those with per capital income of Rs 37,000 or less are called low-capital countries.

Answer 2

Answer:

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