MAIT has revised downward its annual sales projection for 2000-01 from 1.9 million units to 1.74 million units. This is the first time that sales figures for the Indian hardware market have been revised downward.
During the first half of the current fiscal, PC sales grew by 26 per cent, close to half the growth rate of 45 per cent during the same period in 1999-2000. MAIT has projected an annual sales growth of just 24 per cent against the 37 per cent growth the previous year. It had originally projected 40 per cent sales growth this fiscal.
According to MAIT president Vinay Deshpande, “The reason for this slowdown in the sales of PCs can be related with the sluggish performance of the economy.” The devaluation of the rupee against the dollar has also caused the fall in PC sales.