Did you know that Hyderabad ranks second in position, contributing 11% of the country's total IT exports? If no then this article post will help to get a quick insight on the blooming IT sector in Hyderabad.
imagesource:timesofindia.indiatimes.com
Hyderabad IT sector Growing Exponentially
With the large availability of skilled pool of enthusiastic IT professional and seat to top-notch multinationals, the city has grabbed the eyeballs of IT investors all over the globe. The IT sector in Hyderabad employs more than 325,000 people, which is interestingly very high! Hyderabad is a major IT cluster in the nation and is known for offering impeccable career opportunities to IT graduates seeking jobs at various levels. From SAP jobs in Hyderabad to testing jobs and designing jobs to programming jobs, the city caters to different skills-set and experience level.
Currently, Hyderabad is riding high with a boom in the IT industry. The city has successfully achieved exports of Rs. 6,276 crore during 2014-15, recording an astounding growth of 15.7% over the previous year. An interesting fact is yet to come. Hyderabad's growth in the IT and IT Enabled Services (ITES) exports is 2.7% higher than the national average.
The culturally rich city of Hyderabad has stunned the entire nation with its enormous growth in the IT industry. IT sector in the city is not only influencing the economic growth but has also fuelled employment opportunities for both freshers and experienced candidates. The city created approximately 50,000 new jobs in the sector during the year. The direct employment in the sector during FY2014-15 stood at 3, 71,774 against 3, 23,396 during FY2013-14.
To further strengthen the IT sector in the state, the government has announced its plans of achieving IT exports of Rs. 1.2 lakh crore over the next five years from the present Rs 60,000 crore.
Is Hyderabad the biggest competitor of Bangalore?
This is one of the most debatable questions at this point of time. With Telangana IT minster clearly stating that they want Hyderabad to be the number one in terms of information technology, ahead of Bangalore, in the next few years, the city seems to have buckled up to give a tough competition to our very own, 'Silicon Valley', Bangalore! The city has the potential to dethrone Bangalore as the IT Capital of India, given IT growth in the city maintains its pace.
Final Say
It will be interesting to observe the performance of IT sector in Hyderabad in the coming years. The vibrant 'City of Nizams' is taking swift strides in the IT sphere and is expected to put up a strong performance in the global IT market.
Source : articlesbase.com
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