With a 2016 GNI per capita of $1,680,India has transitioned out of the low-income category and is now classified as an upper-middle-income country.

Question

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As of my last update in 2023, India was classified as a lower-middle-income country by the World Bank, not an upper-middle-income country. The classification is based on the World Bank's income classification thresholds, which are updated annually.

With a 2016 GNI Per Capita of $1,680,India Has Transitioned