In 2023, India's gross domestic product (GDP), which was roughly $2 trillion in 2014, reached the $3.75 trillion milestone. The office of Union Finance Minister Nirmala Sitharaman tweeted to announce the situation.

India's economy is ranked as the fifth largest in the world, according to the Finance Ministry. In terms of current prices, India's GDP was $3,737 billion, which was less than that of the United States ($26,854), China ($19,374 billion), and Germany ($4,309 billion).

At current values, India's GDP is higher than the GDPs of the UK ($3,159 billion), France ($2,924 billion), Canada ($2,089 billion), Russia ($1,840 billion), and Australia ($1,550 billion).

The tweet read: "India's GDP has reached $3.75 trillion in 2023, from around $2 trillion in 2014; moving from 10th largest to 5th largest economy in the world. India is now being called a Bright Spot in the global economy."In the meantime, Moody's, a ratings firm, predicted on Sunday that the Indian economy will expand by 6% to 6.3 % in the June quarter. The Reserve Bank of India (RBI) forecasted 8% growth last week; Moody's prediction is substantially lower.

The RBI forecasted India's GDP growth at 6.5% in the current fiscal in the minutes of its monetary policy committee (MPC) meeting, which were released last week. The central bank anticipated growth in the June quarter (Q1) of 8%, Q2 of 6.5 %, Q3 of 6 %, and Q4 of 5.7 %.

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