Electronics industry faces slower revenue growth: CRISIL SME tracker

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