Question

What criteria are used by the World Bank to compare the development of countries in its

report? In which income group does India locate?​

Answer 1

Answer:

India became a lower-middle-incomenation from low-income in the fiscal year 2009. The World Bank classifies economies based on gross nationalincome 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

Answer 2

Answer:

India became a lower-middle-incomenation from low-income in the fiscal year 2009. The World Bank classifies economies based on gross nationalincome per capita in US dollars, calculated using what is called the Atlas method.