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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.
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