Economics · Indian Economy Structure
Consider the following statements regarding the Indian economy: 1. India falls under the Lower Middle-Income Economy category as per the World Bank classification. 2. In terms of Purchasing Power Parity (PPP), India is the 5th largest economy in the world. 3. India has a high per capita income compared to other developing nations. Which of the above statements is/are NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3
- 21 and 3 only
- 32 and 3 only✓
- 41 and 2 only
Correct answer
2 and 3 only
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