Indian Industry’s Q2 Revenue Growth Low

• Indian industry’s Q2 revenue growth is expected to be 5% to 7%, the weakest in the past four years.
• The decline is attributed to stagnant performance in the critical construction segment, a drop in industrial commodities firms, and a slight increase in investment-linked sectors.
• An analysis of 435 companies, which account for almost half of India’s listed market capitalisation, shows a trend of moderating revenue growth.
• The cement sector’s revenue growth slipped 2-3% due to high base effects and weak prices.
• The petrochemicals sector reported flat revenue growth, while the agriculture sector saw a 20%-22% drop in revenue.
• Industrial commodities, investment, and construction-linked sectors’ revenue grew only 1%, affecting overall performance.