Hyderabad is known for its rich history, culture and architecture
representing its unique character as a meeting point for North and
South India. Hyderabad also called as- The City of Nawabs, is also
one of the most developed cities in the country. It is now a hub
of information technology (or IT), ITES (BPO) and biotechnology.Hyderabad
as the state capital for Andhra Pradesh, has an estimated population
of 6.8 million, making it the 5th most populous metropolis in India.
Hyderabad is the financial and economic capital of the state. The
city is the largest contributor to the state's gross domestic product,
state tax and excise revenues. The workforce participation is about
The economic pattern of the city has changed from being a mainly
service city to being one with a more diversified spectrum, including
trade, transport, commerce, storage, communication etc. Like many
Indian cities, Hyderabad has witnessed a remarkable growth in the
real estate business, thanks to a predominantly information-technology-driven
boom in the 1990s and the retail industry growth over the last few
years which have spurred hectic commercial activity.
Hyderabad city is today known for its IT and IT Enabled Services,
Pharmaceuticals and Entertainment industries. Hyderabad has also
been referred to as the second Silicon Valley of India next to Bangalore.