India, Jan. 21 -- ndia is set to transition from its current middle-income status into an upper middle-income nation in five years. According to a recent report by SBI Research, by 2030, India will join China and Indonesia, which are at the upper end of the economic classification, as per the World Bank. This is based on historical GDP and per capita income trends since 1947, and recent developments in the past decade or so. In the first 60 years since Independence, India achieved a GDP of $1 trillion by 2007. It transited from a low-income nation to lower middle-income one, as the per capita gross national income (GNI) went up 10 times from $90 in 1962 to $910 in 2007. In the next seven years, by 2014, the GDP doubled to $2 trillion, and...