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According to per capita income prepared by the World Bank in 2017, in which category is India included –
(a) rich countries
(b) middle income countries
(c) low middle income countries
(d) None of the above
Answer:
So, the correct answer is (c)- low middle income countries
Explanation
India comes in the category of low-middle-income countries because its per capita income in 2019 was just US$ 6700 per annum.
