Business Standard

Electronics industry faces slower revenue growth: CRISIL SME tracker

Small and medium enterprises (SMEs), which account for nearly a third of the industry's revenue, with a varying share in different segments, are expected to be hit hard

revenue, tax, income tax
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Growth in mobile phone manufacturing is expected to moderate, as players have little incentive to move up the value chain, while growth in consumer electronics is expected to be in single digits due to a demand slowdown.

Business Standard
The electronics industry is expected to see revenue growth decline to 15 per cent during the current fiscal year, from 19 per cent in fiscal year 2019, mainly due to slower growth in mobile phone manufacturing and consumer electronics, which together account for 54 per cent of its revenue.
 
Small and medium enterprises (SMEs), which account for nearly a third of the industry’s revenue, with a varying share in different segments, are expected to be hit hard.
 
These units have a huge presence in the assembly of mobile phone components and provide customised offerings in other segments. These

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First Published: Oct 28 2019 | 7:39 PM IST

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