India's GDP growth to be at 5.8% in Q2 FY23: SBI Research

Citing a weak manufacturing sector along with the steep margin compression, SBI Research projected GDP growth for Q2 FY23 at 5.8%. In a report on Monday, SBI Research said corporate results, operating profit of companies, excluding banking and financial sector, fell by 14% in Q2FY23, while net sales grew by 28%. Government will release the official numbers on November 30.