Hyderabad IT grows by 50%! And, Buzzing tech community
Per teh recent Nasscom & STPI notifications, the IT industry in AP (read, Hyderabad) has grown to 12500 crores ($3billion+). A steep 50% growth over last year. Even steeper, when compared to the nationwide industry average of abt 35%. And the projections are that there will be another near 50% growth this year as well. (Ofcourse, the industry is still led by Karnataka (mostly Bangalore, supported partly by Mysore & Mangalore), with 37000 crores ($8billion).) If the steep growth rate is maintained though, Hyderabad should catch up with Bangalore in some years. The present target is 2010. And towards this end, guess Bangalore's rapidly deteriorating infrastructure may only accelerating the shift.Even more interesting is that domestic IT consumption is also at 12500 crores. This is about 1/6th of the exports. The good news though is that this is growing. Has to, I guess- with an expanding economy and fairly low IT adoption at this point.
All in all we are looking at a very positive outlook for the IT industry in Hyderabad. With a bubbling techie community, initiatives such as BarCamp (look out for the next one, in July)and Bootstrappers will only increase in numbers and intensities. There are many like me that are actively working towards this. There is an initiative to start a Software Usability group (an ACM chapter), and Product Sofwtare group and also SIGs on Mobile computing under TiE. Thru Bootstrappers, we are also planning on rapidly taking the word out on Entrepreneural possibilities for students. Highlight how low the risks are to pursue a good product idea they may have in college. We should be seeing quite some buzz on many of these fronts in the coming months.
posted by Ramesh L. @ 8:27 PM
18 Comments:
Ramesh: Great news and thanks for sharing the info. It can be done before 2010 also, if somebody like (late) Dewang Mehta takes up the task and repeats the act as he did for Nasscom. It has to be somebody from among us (the society). Momentum is already there - Georgia Tech's & BITS Pilani's Hyderabad campus plans, Bush's visit - are potent signs of that. Only it needs to be maintained and capitalized upon.
We should not repeat another Bangalore by slepping on the success and neglecting the infrastructure chaos which was like a writing in the wall. Meaning, world-class infrastructure needs to be a top priority and should be ready before its needed. Good if we can take a "Scrum" as well as "waterfall" approach as and when needed.
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