Countries with a per capita income of US$ 12,056 per annum and above in 2017, are called rich countries. Countries with a per capita income of US$ 955 or less are called low-income countries. India comes in the category of low-middle-income countries because its per capita income in 2017 was just US$ 1820 per annum
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Countries with a per capita income of US$ 12,056 per annum and above in 2017, are called rich countries. Countries with a per capita income of US$ 955 or less are called low-income countries. India comes in the category of low-middle-income countries because its per capita income in 2017 was just US$ 1820 per annum