These are the refereed proceedings of the Second International Conference in Cryptology in India, INDOCRYPT 2001, held in Chennai, India in December 2001. The 31 revised full papers presented together with an invited survey were reviewed and selected from 77 submissions. The papers are organized in topical sections on hashing, algebraic schemes, elliptic curves, coding theory, applications, cryptanalysis, distributed cryptography, Boolean functions, digitial signatures, and shift registers.