Bangalore, India News

About Bangalore, India

Bangalore is the state capital of Karnataka. Karnataka is among the top 5 Industrialized State where one global corporation moves in each week. Bangalore is a major center of technology development. About 80,000 people work in its high-tech industries.

Many are graduates of Bangalore's more than 100 engineering schools, which is half the number found in the entire USA.

All these schools are in private sector and only one is run by the state government. Karnataka was the first state in India to liberalize education in the private sector three decades ago.

The Board of Information Technology Education Standards (BITES) that promotes higher education in the state and publishes quality rating of these institutes. In fact one of the reasons why the Information Technology revolution started in Bangalore was the availability of the engineer-ing workforce in the state.

India’s stock of graduates runs into several millions. At least 30% of them are housewives who have traditionally not been in the work force. With rising cost of living, more women prefer working if given the opportunity. In addition, over 2.5 million graduates are available for recruitment every year

Bangalore with a population of over six million stands as the third most populous city in India and the 27th largest city in the world. With an enormous growth rate of 38%, in 200, Bangalore was the fastest-growing Indian metropolis after New Delhi.

Bangalore's economy worth USD 60.5 billion makes it a major economic centre in India. And thus Bangalore is India's fourth largest and fastest growing market.

The city is also the third-largest hub for high net worth individuals (HNWI / HNIs), after Mumbai and Delhi. Bangalore's share of Rs. 1660 crore (US$ 3.7 billion) in Foreign Direct Investment was the third highest for an Indian city.

Bangalore is headquarters to several public manufacturing heavy industries and it is called the "Silicon Valley of India" because of the large number of Information Technology companies located in the city which contribute 38% of India's Rs. 100,000 crore (US$ 22 billion) IT and software export market.

Other Major Cities:

• Mumbai
• Kolkata
• Delhi
• Chennai
• Hyderābād
• Ahmadābād
• Pune
• Sūrat
• Kānpur
• Jaipur
• Lucknow
• Nāgpur