The Indian information technology industry showed a dismal growth rate of 14 per cent during 2001-02, compared with 64 per cent the previous year, to net total revenues of Rs 62,134 crore against Rs 5,456 crore, according to the annual Dataquest survey.
The growth was propelled by the IT-enabled services exports that increased 73 per cent to Rs 7,100 crore as opposed to Rs 4,100 crore in 2000-01, a Dataquest release said here.
Software exports, which grew by 20 per cent to Rs 29,672 crore amidst the economic slowdown and the post September 11 situation, provided a silver-lining to the IT sector.
The biggest loser was the domestic industry which from the 45 per cent growth at Rs 24,670 crore in 2000-01 plummeted to register its first ever fall in revenues at Rs 24,288 crore in 2001-02.
Hardware sales which grew by 53 per cent last fiscal, fell by 3 per cent in 2001-02. The only consolation being the PC shipments from India, which crossed the 2 million mark for the first time.
Server sales were also down by 15 per cent, after leading the industry growth charts with a 76 per cent jump in the previous year.
Leading the list of big losers was the domestic information technology industry, which slipped from Rs 24,670 crore to Rs 24,288 crore, registering its first negative growth year ever.
