India has a wide range of income levels, with a significant portion of its population living below the poverty line. While it has made progress in reducing poverty in recent years, the country still faces challenges related to income inequality and poverty.
China is considered a Middle-Income Country (MIC) as its economic development has propelled it to become one of the world's largest economies. China's per capita income is above that of Low-Income Countries (LICs) but still below that of High-Income Countries (HICs).
No, India is not the most corrupt country in the world. Transparency International's Corruption Perceptions Index ranks countries based on perceived levels of public sector corruption, and India's ranking has improved in recent years. While corruption remains a challenge in India, there are other countries that fare worse in terms of corruption.
Programs such as TRIO programs, Upward Bound, and College Bound provide college preparation resources, mentorship, tutoring, and guidance for low-income teenagers to help them navigate the college admissions process. These programs typically offer academic support, test preparation, college visits, and assistance with financial aid applications to help low-income students successfully transition to college.
India is the world's largest democracy in terms of population, with over 1.3 billion people.
The Gini coefficient is a measure of income inequality within a population, with a value of 0 indicating perfect equality and 1 indicating perfect inequality. It is commonly used by economists and policymakers to understand the distribution of income or wealth within a country. A higher Gini coefficient suggests a more unequal distribution of income.
yes
The Unit Trust of India has two main objectives. They are to encourage savings in middle and low income groups and to enable these groups to share in the industrial development of the country.
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This is because India is still a developing country.
Greece has a high-income economy compared to India which has a low income ecoonomy according to this site: http://faculty.philau.edu/RussowL/lists.html
Afghanistan is a LIC (Low Income Country).
No it has the 4th largest Economy in the world.The Mumbai Skyscrapers and the New Delhi Airport, Metro,Roads and stadiums also tells us a part of the story!India has economy of $1.72 Trillion.So it will be a very developed country soon!
It Depends in which country the person makes this income. For UK it is 20% of income. But this vary from country to country and depends upon country`s legislatives. Is some countries it is quite low 8-10% of personal income.
LIC - Less industrialized country
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
'A Country is poor because it is poor' Example-low income-low demand-low investment in goods-low productivity-low income.. this the vicious circle of poverty..........
Low income, poor industry, generally speaking