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In striking contrast to the boom in the software industry, computer hardware has witnessed a decline in growth rate of over three per cent in fiscal 1998.

The Manufacturers' Associa-tion for Information Technology (Mait), the apex body representing hardware manufacturers and service providers in the country, yesterday said they were fighting a growing grey market and a duty structure which was not conducive for investments.

Releasing its second annual performance review of the IT industry for 1998-99, Mait, however, said the PC segment c