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Sri Lanka is now upper middle income. Why India stays put despite a booming economy

Sri Lanka's return to the upper-middle-income club reflects its post-crisis recovery, while India remains in the lower-middle-income category because the World Bank's rankings are based on per capita income, not the overall size or growth of an economy. Sri Lanka's return to the upper-middle-income club reflects its post-crisis recovery, while India remains in the lower-middle-income category because the World Bank's rankings are based on per capita income, not the overall size or growth of an econo... [685 chars]

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