India information and communication technology spend is forecast to reach $71. 9 Billion in 2011, a 10.3 percent increase from 2010 spending of $65.23 billion, according to Gartner. Hardware is the fastest growing segment with a compound annual growth rate (CAGR) growth of 20.4 percent through 2014. In hardware, much of the growth will be driven by spending within the client computing space. Increasing rural prosperity, aided by growth in the small office and the small business segment, are the key growth drivers in the PC segment. Hardware Growth In India Will Outpace Growth In Telecom. Services and Software Will Be The Fastest Growing Segment Till The End Of 2014.