New Delhi: While India continues to remain a lower-middle-income economy, five states have crossed the threshold of the World Bank’s upper-middle-income category based on per capita income.
This has been revealed in a Moneycontrol analysis of World Bank classification and state income data, as reported by News18.
The data reveals that Delhi, with a per capita income of $6,217, tops the list. Karnataka and Telangana come second and third with per capita incomes of $5,579 and
$5,407, respectively. Tamil Nadu ($5,329) and Gujarat ($4,734) are fourth and fifth in the list.
Countries are classified in this list as per their per capita income. Those with a per capita income of less than $1,175 are categorised as low-income, those with incomes between $1,175 and $4,635 fall under the lower-middle-income category, while countries with per capita incomes above $14,375 are classified as high-income economies.
According to the report, three other major states came close to crossing the upper-middle-income threshold. Maharashtra recorded a per capita income of $4,628, falling just $8 short of the benchmark. Haryana followed at $4,627, missing the cut-off by $9, while Kerala, with a per capita income of $4,610, was only $26 below the threshold.
Bihar continues to remain India’s poorest major state, with a per capita income of $984. This has landed it in the low-income category. It is followed by Uttar Pradesh at $1,403 and Jharkhand at $1,470.
The per capita incomes of Bihar, Uttar Pradesh and Jharkhand are lower than those of Nepal and several countries in Sub-Saharan Africa.