Hyderabad has emerged as the fifth metropolitan city of India.
The past two decades have witnessed a tremendous growth and
development in the city. The riches of Hyderabad can also be noticed
in its history when the place was an important trade and commerce
centre. Precious stones including pearls and diamonds are the oldest
surviving industries. Modern Hyderabad features a good number of
industries that keeps the capital going. Silverware, fabrics,
handicrafts, paper products and pharmaceuticals are prime products
made in the city.
The growing Information Technology sectors has also given a fillip
to the business. The region houses numerous software companies some
of which include the global key players. There has been a regular
boost for such enterprises from the last decade and the figures are
still rising. The city has already been credited as 'Silicon City'
Hyderabad is a popular medical facility provider in south India.
The scene is further dominated by a large number of accredited
professional and academic institutions. Functioning in the city are
some leading universities like Osmania, APAU, Jawaharlal Nehru
Technical University, University of Hyderabad, Telugu University,
Abul Kalam Azad Urdu University.
Being a major commercial hub a lot of revenue is generated by the
institutions and enterprises in the city. Entertainment avenues are
ample and makes handsome contribution to the economy. Almost all
major banks of India have their branches in the city. They are
further accompanied by the presence of many foreign banks.