According to the World Development Report 2004, low-income countries are those which have per capita income of (a) $ 900 or less. (b) $ 1000 or less (c) $ 825 or less (d) $ 500 or less
In World Development Report 2006, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capital income of Rs 4,53,000 per annum and above in 2004, are called rich countries and those with per capital income of Rs 37,000 or less are called low-capital countries. India comes in the category of low-capital countries because its per capital income in 2004 was just Rs 28,000 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.
