10 4 information technology 663 overview the industry is fastest growing segment of indian economy sector has grown in size from rs 5 450 crores 1994 95 to about 64 200 2001 02 contributing 0 59 and 2 87 gdp growth respectively corresponding periods source idc nasscom 2002 composition hardware software exports estimated as follows description 5450 crore 64200 soft ware service 28 3 57 domestic services 17 9 peripherals networking 48 22 training countrywise 2000 01 was country percentage usa 17336 61 15 uk 3355 11 84 japan 1021 60 germany 900 20 singapore 540 1 90 canada 425 50 netherlands 360 27 switzerland 340 estimates global market opportunity for a level us 700 b illion india s form by 2005