Question

With a 2011 GNI per capital of $1,410, India has transitioned out from the former category and now is classified as a(n):

A) low-income country.
B) upper-middle-income country.
C) lower-middle-income country.
D) upper-income country.
E) lower-upper-income country.

Answer 1

In 2011, with a GNI per capita of $1,410, India was considered a lower-middle-income country according to the World Bank classifications.

Step-by-step explanation:

With a 2011 GNI per capita of $1,410, India is classified as a lower-middle-income country. The World Bank defines low-income countries as those with a GNI per capita of $1,085 or less, while lower-middle-income countries have a GNI per capita between $1,086 and $4,255. Upper-middle-income countries have a GNI per capita between $4,265 and $13,205, and high-income countries have a GNI per capita of over $13,206.