The World Bank classifies India as a low middle income country. But nine states in the country have per capita income closer to those of middle income countries, suggests a new report by HDFC Bank. These states — Haryana Uttarakhand, Maharashtra, Kerala, Tamil Nadu, Karnataka and Gujarat — have per capita incomes ranging between $2,000 and $2,700, in line with the average income of middle income countries.
But, the average all India per capita income level is dragged down by some states, which as the report points out continue to lie in the lower middle income category. These are
But, the average all India per capita income level is dragged down by some states, which as the report points out continue to lie in the lower middle income category. These are