The World Bank has elevated Sri Lanka, Vietnam, and the Philippines to upper-middle-income status, highlighting their sustained economic growth and post-crisis recovery efforts.
India's Gross National Income (GNI) per capita is estimated at around $2,500-$2,700
Jul 03, 2026
05:10 pm
What's the storyThe World Bank has upgraded Sri Lanka, Vietnam, and the Philippines to upper-middle-income status in its latest country income classification. The move recognizes their economic progress after years of growth and recovery.
However, India continues to remain in the lower-middle-income category where it has been since 2007.
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Vietnam and the Philippines have officially joined the upper-middle income bracket, a significant upgrade by the World Bank…
The World Bank has upgraded Sri Lanka to upper-middle-income status, marking a significant recovery post-economic crisis.
Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.
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Philippines achieves upper-middle income status after years of robust growth. Experts warn the hardest work lies ahead to avoid…
Six countries moved into higher income categories this year, with five shifting from lower-middle to upper-middle income status…
