With a 2011 GNI per capita of $1,410,India has transitioned out of the low-income category and is now classified as an upper-middle-income country,also known as an industrializing or developing country.

Question

Quizplus · Accepted Answer

India is classified as a lower-middle-income country, not an upper-middle-income country, based on its GNI per capita. Upper-middle-income countries have a higher GNI per capita threshold than $1,410.

With a 2011 GNI Per Capita of $1,410,India Has Transitioned