Hyderabad is the capital of the southern Indian state Telangana. It is the fifth-largest contributor to India’s overall GDP (Gross Domestic Product). This city has become one of the big metropolises of India in the past few years. Some of the top most companies like Google and Microsoft have their headquarters in this city.
Hyderabad is giving tough competition to Bangalore and Chennai in the IT sector. Several domestic and international companies have established their branches in Hyderabad city and contributing towards the steady growth of this city. Various new firms are also showing their interest in this city and are ready to invest a large amount for flourishing their business. Some of the IT giants present in this city include:
- Tech Mahindra
- 3i Infotech Limited
- HCL Technologies
- Ocimum Bio Solutions
- Infinite Computer Solutions
- CSC India
- Tata Consultancy Services
- Satyam Computer Services
The IT firms in Hyderabad are divided into three main parts, IT companies, ITES companies and Computer Hardware companies. With the government supporting the development and growth of the IT sector, the number of jobs generated is expected to rise in the coming years.
Banking and finance sector
The banking and finance sector in Hyderabad has seen a considerable growth in the past couple of years. The State Bank of Hyderabad alone hold deposits worth INR 88, 638 crores and an operating profit of INR 2, 319 crores. Several other national and international banks, as well as financial institutions, have established their branches in this city. As a result, a lot of job openings for the post of the accountant, cashiers, bank managers, financial advisors, analyst, clerks as well as chartered accountant jobs in Hyderabad are generated every year.
The healthcare sector in Hyderabad city is also growing on a rapid pace. Recently, the second edition of the Indo-Global Healthcare Summit and Expo 2015 and the Indo- Global Pharma Expo and Summit 2015, held in this city. These events were organized by the Federation of Telangana and AP Chambers of Commerce and Industry, the OMICS International, Indus Foundation with the support of Telangana government and the Pharmaceutical Export Promotion Council of India (PHARMECIL). Started on July 23rd, 2015, these events were for four days till 26th July 2015. The main aim behind conducting these events was to identify and share the various successful events innovative models of healthcare delivery from all around the globe. For various participants including industry players, professionals, entrepreneurs, investors and global institutions, these events proved to be very helpful. As per the reports of Investment Commission of India, the healthcare industry has experienced phenomenal growth of 12 per cent per annum in the last four years. This industry is expected to become a USD 280 billion industry by 2020.
To sum up, it would be right to say that Hyderabad is one of the best cities of India. According to the Mercer report, this city ranked 138th worldwide and beat Pune to the top spot in India. Furthermore, in terms of the quality of living, this city is ahead of Bengaluru, Chennai, Mumbai and New Delhi.