Manufacturing is expected to be the main engine of the Indian economy’s growth in Fiscal Year 2023, according to a forecast provided by the State Bank of India (SBI).
According to the research study Ecowrap from the State Bank of India (SBI), which was published on Friday, India’s growth in the final quarter of FY23 is projected to be 5.5%, which would bring the nation’s overall growth for FY23 to 7.1%.
This is consistent with the preliminary forecasts made public by the National Statistical Office (NSO) in January, which estimated 7% growth for the fiscal year that concluded on March 31, 2023.
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