PC maker Lenovo is expecting a five per cent increase in business following the rollout of GST which will now require even small traders to file I-T returns thrice a month, the company's top executive has said.
"The computer industry is the only one which has a dual impact of GST which perhaps no other industry can talk about. Currently, the belief is that a lot of the small traders will need to buy a PC to file their returns, because they have to do it thrice a month, and they have never bought a PC before," Lenovo India CEO Rahul Agarwal told PTI.
Agarwal said that the market for PCs, tablets and laptops has not really grown in the last 3-4 years but with GST coming in, there is optimism in the industry that around 4-5 million mid-size traders may consider buying PC as well as accounting softwares.
According to International Data Corporation (IDC), the overall India PC market for 2016 stood at 8.58 million units, a year-on-year drop of 15.2 per cent over 2015.
"There are rough estimates that we will have a market expansion between 1 lakh and 2 lakh units till March and we would want one-third of it coming to Lenovo's bucket. The percentage growth from the overall point of view could be between 3-5 per cent on account of GST.
"The market has not grown in last three years so nobody is looking at hyper growth," Agarwal said.
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