The Finance Ministry further stated that India is the fifth largest economy in the world. India's GDP stood at $3,737 billion in current price terms, lower than the USA ($26,854), China ($19,374.

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India’s gross domestic product (GDP) reached the $3.75 trillion-mark in 2023, from around $2 trillion in 2014, Finance Minister Nirmala Sitharaman’s office said in a tweet on Monday. India has moved from tenth to the fifth-largest economy in the world, the tweet added. Highlighting the nine years of reforms under the Narendra Modi-led.