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January 10, 2017

Growth momentum weakened in Q2FY17

India Inc reported 4% y-o-y revenue growth during Q2FY17, compared with 2.8% growth in Q2FY16. However, ananalysis of the performance of 390 companies across 50 sectors (excluding financial services and oil) in thequarter to September 30, 2016, shows that growth momentum across some key sectors has been graduallyweakening over the past two-quarters.

While the revenue of export-linked segments grew 9%, segments linked to consumer discretionary spendingposted revenue growth of 8%. On the other hand, revenue of sectors related to investments remained stable.