India is fastest growing market for Dell

India has become the fastest growing market for the nearly $57 billion IT company Dell. For its third quarter of the financial year 2008, the company posted a 47 per cent growth in revenues for India compared with China's 22 per cent growth.

The company does not disclose India revenue figures. Analysts, however, peg the figure at over Rs 2,000 crore.

"We have registered growth in all segments in India "� the public sector, large corporates, small and medium businesses and the consumer segment. We've had demand picking up from all the 20 cities we're present in," said Steve Felice, president, Asia-Pacific and Japan, Dell. China's market, though, is nearly five times bigger than that of India, so "the growth rate is maturing".

Sales outside the US were up 16 per cent and represented 46 per cent of the company's overall revenue, "reflecting continued strength in emerging countries".

In Asia-Pacific and Japan, where the company is actively expanding its presence, revenue in the quarter grew by 18 per cent on a 20 per cent increase in units.

China, Brazil and India registered strong unit growth of 26, 30 and 42 per cent, respectively. Combined revenue growth from Brazil, Russia, India and China (Bric) during the quarter was 32 per cent.