Originating from the state of Andhra Pradesh, Hyderabad is one of the oldest, most prosperous and biggest cities of India. Also known as the Pearl City, Hyderabad is the joint capital of two states, Andhra Pradesh and Telangana (a transitional arrangement scheduled to end by 2025). A bustling centre of business activities and trade and commerce, Hyderabad offers a myriad of career opportunities to job seekers.
Steeped in history, Hyderabad is a captivating panorama of the endearing mix of culture and history. Tollywood, which is the Telugu film industry is one of the most popular aspects of the city, attracting many movie lovers.
Hyderabad's economy
Hyderabad is a rapidly growing city with a GDP growth of 8.47% in 2019. The city had an estimated GDP of $75.2 billion in 2019.
The city enjoys a booming economy with some major contributions coming from diamond and pearl production, information and communication technology, biotechnology and trade. The city also hosts special economic zones (SEZ) which are primarily intended for ICT companies.
Other fields that have been contributing significantly to the overall growth and development of the city include biotechnology, pharmaceuticals and even tourism. The city has been nicknamed 'Genome Valley' for its biotechnology and pharmaceutical clusters, and Cyberabad for its technology hub.
A hub for IT, the city boasts of a huge number of IT companies, some of which are the local branches of Yahoo, Google, IBM, Facebook, Microsoft, Tata Consultancy Services, Wipro, Accenture, Capgemini and Tech Mahindra. There are also some well-known research and financial institutions in the city.
Hi-Tech City and other districts of the city like Banjara Hills and Jubilee Hills are replete with glittery malls, multiplexes, posh clubs and fine restaurants.
The city's commercial markets are divided into four sectors namely, central business districts, sub-central business centres, neighbourhood business centres and local business centres. All the different sectors and businesses play a vital role in generating employment opportunities.
Several public sector units like Bharat Heavy Electricals Limited, Bharat Electronics, Hindustan Aeronautics, Nuclear Fuel Complex and the Electronics Corporation of India also have branches in Hyderabad. Formerly the Hyderabad Stock Exchange, Hyderabad Securities, as well as the State Bank of Hyderabad and the Andhra Bank are also found in the city centre.
Hyderabad's labour market
The service sector remains dominant in the city, employing the largest percentage of the local population, followed by the government sector. The informal sector of the city mainly comprises small businessmen and traders dealing in dairy, poultry, manufacturing etc.
There is a wider scope for qualified and skilled foreign professionals looking for good career prospects. They are more likely to be hired in the fields of information and communication technology, biotechnology, finance and pharmaceuticals. Apart from these lucrative options, they may also try their luck in the fields of aeronautics, electrical and electronic manufacturing, etc..
Job-hunting in Hyderabad
If you are thinking of working in Hyderabad, the internet can serve as the best tool in your job search. Thanks to the numerous general and specialised job websites, as well as professional social networks and other virtual platforms, you are likely to find your dream job in this city, like many others.
Also consider checking out classified ads in local newspapers and talk to your friends on the spot, maybe word-of-mouth could help.
Finally, you stand more chances of finding a suitable job matching your profile by registering with a recruitment agency.
Useful links:
AngelList
Naukri
Monster India
OLX
Quikr
Indeed
Times Jobs
LinkedIn
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