India Now A 'Lower-Middle-Income' Economy For World Bank

New Delhi: The World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said. "In our World Development Indicators publication, we've stopped grouping low and middle income countries together as 'developing countries'. For analytical purposes, India continues to be classified as lower-middle-income econo...