Revenue outlook bright for electronics SMEs: Crisil SME Tracker

Buoyant consumption of electronics is expected to boost the top lines of small and medium enterprises (SMEs) in the sector in India in the current fiscal year (FY23), though rising input costs could limit the growth in their margins.

Consumption of electronics in the domestic market is estimated to grow 15-20 per cent to Rs 11-12 trillion, compared with 18-22 per cent growth last fiscal (FY22).

A raft of factors support demand for mobile, consumer and industrial electronics, which account for 50-55 per cent of total consumption — rising disposable incomes, faster replacement cycles, easier payment terms, increasing internet penetration,