VIDEO: Are Sri Lankans now richer than Indians? Here’s what the World Bank says

Author LBO | Posted on July 8, 2026 | South Asia

India is one of the world’s fastest-growing major economies. So why is it still a lower-middle-income country while Sri Lanka, Vietnam and the Philippines have moved up? In this video, we explain how the World Bank classifies countries, why per capita income matters more than the size of the economy, and what India needs to do to reach the upper-middle-income category.