Speaking at a book launch event, Subbarao drew attention to India's position as the poorest among BRICS and G-20 nations, despite its growing economic stature.

Moody's report emphasized India's large and diversified economy, high growth potential, relatively sound external position, and stable domestic financing base for government debt. However, it also noted challenges such as high general government debt, weak debt affordability, and low per capita income.

GSDP grew at 8.8% annually in last 3 years, growth rate estimated at 7.1 % in 2022-23 and projected at 7.7% in 2024-25.