India's current gross national income means the World Bank classifies it as a lower middle-income country (MIC)---however; it might take 25 years of sustained growth before it becomes an upper MIC such as China .
This article by Ram Shivakumar, writing for The Print, makes the following points:
- At the end of 2021, the World Bank estimated India's per-capita gross national income (GNI) to be $2,277.
- India will not have a per-capita GNI comparable to upper MICs for at least 25 years.
- For India to become an upper MIC will depend on India developing and following sound growth-focused policy.
- Indian economic growth will also depend on world economic growth.
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