Home › UP Board Class 10 › socialscience › Development (Economics) › According to the World Bank's 2024 thresholds, I…
According to the World Bank's 2024 thresholds, India is classified as a:
ALow-middle income country (around US$ 11,000 per capita)
BHigh-income (rich) country with per capita above US$ 66,500
CLow-income country with per capita below US$ 2,300
DUpper-middle income country with per capita US$ 13,000-15,000
Answer & Solution
Correct answer: A. Low-middle income country (around US$ 11,000 per capita)
India's per capita income in 2024 was about US$ 11,000, placing it in the World Bank's LOW-MIDDLE income category. Rich (high-income) starts at US$ 66,500; low-income is at about US$ 2,300 or less.
Related questions
Sustainability of development means that current development should:The Human Development Index (HDI) by the UNDP combines which three dimensions?The Infant Mortality Rate (IMR) measures:Despite having lower per capita income than Haryana, Kerala performs better on:Country A: 5 citizens each earn around ₹10,000 monthly. Country B: 4 citizens earn ₹500, 1Per capita income is best defined as:Industrialists may want more dams for electricity, but tribals displaced by the dam may prThe chapter argues that people pursue developmental goals that include INCOME and: