India's per capita income in 2017 was about:
- US$ 5000
- US$ 1820
- US$ 955
- US$ 12,056
Show answer and solution
Correct answer: B. US$ 1820
1. This places India above the low-income cut-off.
2. It was US$ 1820 per annum.
3. India is a low middle income country.
_Source: syllabus Understanding Economic Development, Chapter 1, Development._