India Inc likely saw 8-10% sequential dip in revenue in Q1FY22 India Inc likely saw 8-10% sequential dip in revenue in Q1FY22 Last Updated: Sat, Jul 10th, 2021, 00:37:00hrs New Delhi: India Inc is likely to report a sequential decline of 8-10 per cent in revenue at Rs 7.3 lakh crore for the first quarter of this fiscal, Crisil Research said. The decline has been led by consumer discretionary products such as automobiles, which saw volumes impacted by the lockdowns across states to contain the second wave of Covid-19 infections. However, Crisil Research said on a yearly basis, the revenue will rise 45-50 per cent on a low base.