Five Indian States Outpace National Income Classification: World Bank Data
New Delhi, July 7 -- Five Indian states have crossed the World Bank's upper-middle-income threshold based on per capita income, even though India continues to be classified as a lower-middle-income economy, according to World Bank income classifications and state-level income data.
Five States Cross Upper-Middle-Income Threshold
The World Bank classifies economies with per capita income between USD 1,175 and USD 4,635 as lower-middle income, while those above USD 4,636 fall into the upper-middle-income category.
India's per capita income currently stands at USD 2,760 under the World Bank's Atlas methodology, reported Money Control.
Among Indian states, Delhi recorded the highest per capita income at USD 6,217, followed by Karnataka (U...
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