Those with an annual household income between ₹3 lakh and ₹6 lakh were the low-income group (LIG). That income definition is also used by the RBI to identify those eligible for priority sector lending for EWS and LIG houses.Jan 13, 2019
Japan is one of the largest and most developed economies in the world. It has a well-educated, industrious workforce and its large, affluent population makes it one of the world's biggest consumer markets. From the 1960s to the 1980s, Japan achieved one of the highest economic growth rates in the world.
The four levels of global income. 'Developing' and 'developed' countries, 'industrialised' and 'emerging' economies, 'global north' and 'global south', 'majority' and 'minority world' – there are lots of different ways of categorising the world, some of them more useful than others.Nov 14, 2018
The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. The classification is updated each year on July 1 st.
When it comes to income , the World Bank divides the world's economies into four income groups: high, upper-middle, lower-middle, and low. The income classification is based on a measure of national income per person, or GNI per capita, calculated using the Atlas method.Sep 9, 2019