According to Internet Service Providers Association of India (ISPAI), the growth of Internet subscribers in the fiscal ending March 2002 over the last fiscal, has been the lowest ever.
For the year ending March 2002, there were 4 million Internet subscribers compared with 3 million at the end of the last fiscal, notching a growth of only 33.33 per cent. In contrast, the year-on-year growth of Internet subscribers in March 2001 over the previous fiscal was over 200 per cent.
According to industry sources, with the dotcom bust in the first part of last year, service providers were badly hit and had to put their expansion plans on hold.
Except for March 1999, where the growth was 100 per cent, the rest of the years have seen at least 200 per cent growth.
The quarter-on-quarter growth has been on the decline, in the last fiscal ending March 2002. In the quarter ending September 2001, Internet subscribers grew by 9.37 per cent over a base of 3.2 million in June 2001 while the growth was a mere 5.26 per cent in the quarter March 2002 over December 2001.
The number of personal computers (PCs) sold in 2001-02, is estimated to be down by around 10-15 per cent hitting the growth of Internet subscribers.
Source: Financial Express