He exclaimed with joy that India had won the Sahara Cup.

The correct answer is D. He said, “Hurrah! India has won the Sahara Cup”.

The other options are incorrect because they do not express joy or excitement. Option A, “He said, ‘India has won the Sahara Cup'”, is a simple statement of fact. Option B, “He said, ‘India won the Sahara Cup'”, is a past tense statement. Option C, “He said, ‘How! India will win the Sahara Cup'”, is a question.

The word “exclaimed” in the question indicates that the person was expressing strong emotion. The only option that expresses strong emotion is D, “Hurrah! India has won the Sahara Cup”. This option expresses joy and excitement about India’s victory.