alleryPer the 2024 World Bank classification, India fell in the category of
Ahigh-income countries
Blow middle-income countries
Clow-income countries
Dupper middle-income countries
Answer & Solution
Correct answer: B. low middle-income countries
1. India's 2024 per capita income was about US$ 11,000 per annum.
2. High-income threshold: ≥ US$ 66,500; low-income: ≤ US$ 2,300.
3. Hence India lies in the low middle-income category.
_Source: syllabus Understanding Economic Development, Ch 1 "Development"_
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