Braving a somewhat stagnant demand for software services in the traditional US market, India’s software export revenues registered a 30 per cent rise in dollar terms to cross $8 billion mark in 2002.
Back home, with an overall growth of 9 per cent, the domestic market stood at Rs 23,774 crore ($4,953 million) in 2002, as users in government, banking and finance, education and telecom sectors emerged as major spenders.
According to a report released by it analyst Skoch consultancy on Wednesday, over half the revenues came from 1.8 million personal computers (PCs) and other hardware sold during the period in reference. The global technology slump notwithstanding, the Indian IT industry showed signs of resilience to record an overall upsurge in almost every category.
“The industry is poised to maintain a rising graph in the current year also as all other segments including training, consultancy, systems integration continued to perform positively,” the report said. However internet penetration was a casualty of an all round poor quality of service while networking suffered due to the stagnating investments in the internet infrastructure.