Indian economy to surpass 7% growth in FY 23: SBI research report

Indian economy is expected to grow at over 7% in Fiscal Year 2023 driven by manufacturing, according to a report by the State Bank of India. The report states that India's GDP growth in the fourth quarter of FY23 will likely be approximately 5.5%, leading to a 7.1% growth for the year ended March 31, 2023.