MAIT, the apex body representing the hardware, training and R&D services sectors of the IT industry in the country, has projected the growth of PC sales to cross over 4.25 million units in the financial year 2005-06.
Announcing the findings of the industry performance review for financial year 2005-06, MAIT has projected that the PC market is poised to grow at a rate of 17 percent in the 05-06.
According to the study, the significant drivers of IT services and products have been the sectors of telecom, banking and financial services, manufacturing, retail and BPO/IT enabled services. Notebooks have shown impressive growth.
Smaller towns and cities have also contributed to the growing sales, the study says. The growth of IT consumption in the household segment is expected to remain steady, as vendors have started positioning and promoting PC as an aid for education and entertainment. According to the MAIT-IMRB Review, the household sector will be one of the key areas that will fuel growth in the future, thanks to the easy accessibility of broadband.
Rajendra Kumar, President, MAIT, stressed that education will become one of the important drivers for growth leading to increasing PC penetration into the household segment.
For Vinnie Mehta, Executive Director, MAIT, the PC market will post a growth of around 25 percent in the next four to five years. He said that government intervention would lead the PC market to grow by around 60- 0 percent. “We need more en masse adoption of IT by government”, he said.
Stressing on the need to boost the domestic IT market in India, Mehta, further said, “The recent study by the Ministry of Communications & IT on ‘Improving PC penetration in the country’ envisages a seven-fold growth in the domestic IT market by 2008 with annual PC sales at 28 million. The growing Indian IT market is already becoming attractive to manufacturing investors; larger market volumes will give it a further boost.”