Hyderabad Witnessing Unprecedented Growth In Business & Economy

Hyderabad, one of the major metropolitan cities of India

, is the capital of Andhra Pradesh. Not only this, Hyderabad is the financial, economic and political capital as well. The city contributes maximum to the state's gross domestic product (GDP), state tax and excise revenues.

Hyderabad is proud to be ranked as the second best Indian city for doing business in the Doing Business 2009 Report published by the World Bank Group.

Hyderabad has numerous IT hubs, Software Parks, etc. Among other industries, Tourism Industry plays a very a very important role in the business and economy of Hyderabad.

Hyderabad is also known for small business and small and medium scale industries that it has. It was once used to be tagged as The City of Pearls being a centre of large diamonds and natural pearls trade. For which, many local markets are also situated across the city. Moreover, retail sector in Hyderabad is an emerging one among others. Nowadays, many national and international brands have established their retail business in the city. Talking about other sectors Hyderabad is a biopharmaceutical hub of the world, can be tagged as India's pharmaceutical capital.

In the recent years, Hyderabad has seen facets of transition in terms of positive developments in the real estate sector, whether its small, medium or large scale.

Also, the investment sector is witnessing a big turnaround in Hyderabad as it is the global information technology hub for which it is known as Cyberabad (Cyber City). Both IT and IT-enabled services are good revenue contributores for the Hyderabads business and economy.

There are many companies based at Hyderabad General Electric, Tata Consultancy Services, Infosys, Wipro, Mahindra Satyam, Accenture, Oracle Corporation, Dell, Cisco, AT&T Inc., ADP, Broadridge, Intel, IBM, Deloitte, Hewlett-Packard, Motorola, to name a few among others.

TheGovernment of Andhra Pradeshalso understands these economic and business aspects of Hyderabad and gives highest priority to the industrial sector for balanced and sustainableeconomic growth. As industrial growth plays a key role in the process ofeconomicdevelopment through employment and entrepreneurship hence the government also welcomes venture capitalists and investors for future prospects.

Keeping all these aspects in mind there are lot number of Hyderabad Business News are generating across the various industry verticals for which there are very less number of dedicated and focused portals covering Hyderabad Business News. And, IndiaMART SME News is one of them where you can get multiple news items covering various aspects of Hyderabad Business News.

by: Prashant V Singh

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