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India is classified as a:

ALow-income poor country
BHigh income country
CLow middle income country
DRich developed country
Answer & Solution
Correct answer: C. Low middle income country
1. Its 2017 per capita income was US$ 1820. 2. India is a low middle income country. 3. Rich countries start at US$ 12,056. _Source: syllabus Understanding Economic Development, Chapter 1, Development._
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