Can India become an Upper Middle Income country in the

Nations are not defined in the classical developed vs. developing paradigm these days. They are instead categorized as Low-Income Countries, Middle-Income countries and High-Income countries. Middle Income Countries or (MIC) are those nations that boast a per capita Gross National Income (GNI) that is between $1086 and $13205. India with a per capita GNI of $2048 falls in the Lower Middle-Income category of countries and will need to touch a figure of $4,256 to become an Upper Middle-Income country, which category includes nations with a per capita GNI up to…