“News clip stating World Bank has removed the developing nation tag of India”
What FACTLY found
This is an old news which dates back to 2016, when the World Bank changed the nomenclature of classification of countries. World Bank stopped categorising countries as developed and developing countries. Instead World Bank started grouping countries based on the per capita income into Low Income Economies, Lower Middle Income Economies, Upper Middle Income Economies, and High Income Economies. India with per capita income of $1920 is placed under the Lower Middle Income Economies for the fisc...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 14 April 2022. FACTLY (India) looked into it and published its finding on 19 April 2022, 5 days later. Its rating was “MISLEADING”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.