Hyderabad, is among India’s top six richest cities in terms of GDP of US$60 billion. Starting in the 1990s, the economic pattern of the city has changed from being a primarily service city to being one with a more diversified spectrum, including trade, transport, commerce, storage, communication etc. Service industry is the major contributor, with urban workforce constituting 90% of the total workforce.
Hyderabad is known as the city of pearls. Every tourist to the city never forget to buy a set of pearls while his visit to the city. Laad Bazaar, one of the
oldest market centre near Charminar is famous for bangles. For centuries Hyderabad is famous for products like, silverware, saris, Nirmal and Kalamkari paintings and artifacts, unique Bidri handcrafted items, lacquer bangles studded with stones, silk ware, cotton ware and handloom-based clothing materials.
Hyderabad is a major center for Pharma & Biotech with companies such as USP, Novartis, Dr. Reddy’s Laboratories, Agilent, Biological E limited, Shantha Biotechnics, Sanofipasteur, Bharath Biotech, GVK BIO, Matrix Laboratories, Krebs biochemicals, Magene Lifesciences, AstraZeneca, Hetero Drugs Limited, Divis Labs, Aurobindo Pharma Limited, Quintiles, Ocimum Biosolutions, Lee Pharma, MAKRO, Gene-Tech, Vimta Labs etc. being housed in the city. Initiatives such as Genome Valley, Fab City and the Nano Technology park are expected to create extensive infrastructure in bio-technology.
Hyderabad has witnessed a high growth in the real estate business, thanks to an information-technology-driven boom in the 1990s and the retail industry growth over the last few years which have spurred hectic commercial activity. A number of mega malls have come up or are being built in the city. Real estate demand in the suburban and rural areas surrounding Hyderabad has gone up exponentially leading to a rapid increase in prices over the past few years. The Confederation of Real Estate Developers’ Association of India (CREDAI) is quite optimistic about the coming times. Leveraging on the trend, many property developers like Godrej Properties , PBEL, Janapriya Properties, Ramky Estates and more have set up base in the city leading to a rapid increase in prices over the past few years. Jubilee Hills, Banjara Hills, Begumpet, Somajhiguda and Himayath Nagar areas are considered the posh residential areas of Hyderabad.
The city has multiple Central Business Districts (CBDs) spread across the city. There are many major business/commercial districts from the older Charminar area to newer Kothaguda. For the advancement of infrastructure in the city, the government is building a skyscraper business district at Manchirevula, near Rajendra Nagar with a 450 m super tall structure APIIC Tower at its centre. Also, the Lanco Hills near Gachibowli presents the tallest structure in India for residential and commercial purposes.
The largest employers in Hyderabad are the Andhra Pradesh Government and the Government of India.
Hyderabad has established itself as the leading destination for IT and IT-enabled services, BPO and entertainment industries. Many computer software companies, software consulting firms, business process outsourcing (BPO) firms, dealing with IT and other technological services firms have established their offices and facilities in the city since the 1990s.
The development of a township with related technological infrastructure called HITEC City prompted several IT and ITES companies to set up operations in the city. An aggressive promotion of growth in this area has led civic boosters to call the city Cyberabad. There have been extensive investments in digital infrastructure within the city promoting the setting up of several campuses by a vast array of companies within the city. This list includes several multinational corporations having established their development centres in the city. Major areas where such campuses have been set up are Madhapur, Kondapur, Gachibowli and Uppal. Microsoft (with its largest R&D campus outside the US), Oracle Corporation etc. have set up operations in Hyderabad. For a more comprehensive list of IT companies in Hyderabad, refer to Software industry in Andhra Pradesh. TCS Deccan park is one of the active branches of TCS in hyderabad. The 20th International World Wide Web Conference will take place in Hyderabad.
Business personalities from Hyderabad are individuals who have made a significant impact in the world of business. They are like role models, showing how hard work and innovation can lead to success. In the following section, you’ll learn about some of these influential business figures from Hyderabad, their achievements, and the inspiration they provide for aspiring entrepreneurs.
Key business infrastructure and sectors are the backbone of a city’s economy. They encompass various essential aspects that help a city grow and prosper. These sectors include areas like manufacturing, technology, healthcare, and transportation, among others. These are the engines that drive the city’s economic progress and create opportunities for businesses and individuals.
Prominent retail outlets are the go-to places for shopping in a city. They are popular destinations where people buy everything they need, from clothes and electronics to groceries and more. These outlets offer a wide variety of products and often provide a great shopping experience. In the following section, you’ll discover some of these well-known retail outlets, making your shopping adventures even more exciting.
Important business websites and portals are like valuable online hubs for information and services related to various industries. They provide a wealth of resources, from job listings and market insights to tools for managing businesses. In the following section, you’ll find a selection of these essential online platforms that can be incredibly useful for businesses and individuals seeking valuable information and support.