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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.

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Q: Is India a low income country?
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Is china a LIC MIC HIC?

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).


Is India the most corrupt country in the World?

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.


What provided college preparation for low-income teenagers?

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.


Which country is the world's largest democracy?

India is the world's largest democracy in terms of population, with over 1.3 billion people.


What is the Gini coefficient?

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.

Related questions

Is Mumbai a low income country?

yes


Objectives of unit trust of India?

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.


What can a low income country to do to get out of poverty?

hit the lottery


Why if India is a top industrial country is its GDP so low?

This is because India is still a developing country.


Which is more industrialized India or Greece?

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


Is Afghanistan A HIC MIC or LIC country?

Afghanistan is a LIC (Low Income Country).


Is India a less developed 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!


How much is personal income tax?

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.


Is Mexico a hic or lic country?

LIC - Less industrialized country


Is Norway a low income 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.


What is Ragnar Nurkse's vicious circle of poverty?

'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..........


Why is it a ledc country?

Low income, poor industry, generally speaking