IT hardware industry registers notable growth in Q3

31/03/2010 14:03

The Indian IT industry seems to be going great guns recording an impressive growth in the third quarter. Sales of computers, peripherals and networking products peaked up, thanks to the increased demand from the corporate sector.

The demand of personal computers, including netbooks rose by almost 42 percent in the third quarter of the current fiscal.

Desktop sales got bigger by almost by 27 percent at 1.35 million units. Networks and notebooks clocked a sale of 6.6 lakh units, growing almost by 90 percent respectively, as opposed to the previous fiscal, stated the Manufacturers Association for Information Technology (MAIT) in its quarterly report.

All departments of the IT hardware industry - computers, peripherals and networking products clocked a striking growth rate in the third quarter. The corporate sector which had demonstrated a great caution in IT spending over the past five quarters broke off their chains and led the growth in consumption.

Telecom, banking, education, IT-enabled services and the e-governance initiatives of the central and state governments led to the upsurge in sales.

Again the industry seems to be very optimistic in the fourth quarter. The overall PC sale for 2009-10 is expected to cross 7.3 million, clocking a 7 percent annual growth.

In the desktop market, sale of unbranded systems accounted for 35 percent of the sales while branded products registered 65 percent.

MNC brands sold in greater numbers almost 52 percent of the market, while Indian brands accounted 13 percent.

Even laser printers registered an impressive growth of 70 percent.

Contribution of Electronics and Hardware Industry in India GDP growth has been significant. India offers abundant opportunities for electronic instrumentation manufacturing. The estimated production for the year 2015 is worth US$ 155 billion. The growth of the electronics and hardware consumers makes certain the growth of the industry.

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