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| Hotel Taj Krishna, Hyderabad |
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| Hyderabad Marriott, Hyderabad |
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| Baseraa Inn, Hyderabad |
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| Pragati Resort, Hyderabad |
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| Blue Moon Hotel, Hyderabad |
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| Degh (Comfort Inn Woodbridge), Hyderabad |
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| Home » Travel to Hyderabad » Economy |
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Economy of Hyderabad |
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Hyderabad is a prosperous city located in the Deccan. It is the IT capital of India. Hyderabad is the capital of Andhra Pradesh and the economic capital of the state. This cosmopolitan city excels in every field and accelerates the economic growth of Andhra Pradesh. Economy of Hyderabad is a rich domain for study.
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Economy of Hyderabad is flourishing. To the gross domestic products of Andhra Pradesh, Hyderabad is the largest contributor. Hyderabad, the city renowned for its art, architecture and culture is the Mecca of IT industry in India. From the ancient days Hyderabad is popular for pearls. The pearl market in Hyderabad is located near Charminar and is known as “Laad Bazaar.” Pearl products are available in Hyderabad and the city excels in pearl trade. Some of the ancient trade item of Hyderabad are cotton ware, handloom clothing material, silk-ware, lacquer bangles embellished with stones, Bidri handcrafted items, Kalamkari artifacts and paintings, Nirmal artifacts, silverware and saris.
The percentage of workers participating in Hyderabad economy is 29%. During the 1990s Hyderabad was primarily a service oriented city. Since then the economy of Hyderabad became diversified with the inclusion of communication, storage, commerce, transport and trade. Though, service sector provides the largest employment, absorbing almost 90% workforce of the city.
There are several pharmaceutical companies in Hyderabad like Vimta Labs, Aurobindo Pharma Limited, Divis Labs, Hetero Drugs Limited, Matrix Laboratories, Dr Reddy’s Laboratories and others. Bio-technology centers in Hyderabad are another important part of economy of Hyderabad.
The real estate business in Hyderabad is flourishing. This prosperity in this sector is due to the boom in the information technology sector in Hyderabad. The growth of retail industry in Hyderabad took Hyderabad economy to a soaring height. There are several shopping malls in the city.
There are several academic and research institutes in Hyderabad, which contribute a lot to the economic growth of Hyderabad.
Economy of Hyderabad is prospering and soaring to great heights.
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