Bangalore’s Economy Paves The Way For Many Job Opportunities

Featured Image Caption: Jobs in Bangalore

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Bengaluru or Bangalore is one of the country’s leading cities in providing ample job opportunities in various industry domains. A recent research from a leading job portal reports that Bangalore offers 22% jobs in the IT sector as compared to 11% in Delhi NCR and 10% in Pune in the same sector. Bangalore’s economy is growing at a rapid pace, contributing 87% of revenue to the state and contributing a major share to Indian economy as a whole.

Which sectors provide jobs in Bangalore?

Let us find out below the major sectors which are contributing to the growth of the economy, along with providing jobs in Bangalore.

IT Sector –

IT Industry in Bangalore

Bangalore is rightly called the “Silicon Valley of India”. It still holds the leading position of offering jobs in the technology sector. There are more than 3000 IT companies in the city and more than 750 of these are MNCs. With software parks being built in and around the city, with swanky offices, better facilities and pay package, Bangalore is a home to many young software engineers of the country. IT industry in Bangalore offers employment to about 35% of India’s more than million IT professionals. The city also accounts for the highest IT-related exports in India.

Start-ups –

Start-ups in Bangalore

India is the fourth largest base for start-ups in the world and Bangalore takes the lead here too. The general ecosystem of the city has given birth to a new brand of young entrepreneurs. From FlipKart to Common Floor, from Ola Cabs to RedBus to ID Fresh Foods, some of the highly valued and successful start-ups are in Bangalore. So, when it comes to jobs in Bangalore, the city indeed offers a galore of jobs in various domains.

Industries –

Industries in Bangalore

Bangalore’s economy is also growing in terms of its industrial growth. Some of the best known industries in the city are Aerospace and Aviation industries (Bangalore being referred as the aviation monopoly capital of India), Manufacturing Industries, Public Sector Heavy Industries, Small and Medium Industries and so on.

Some of the best known Aerospace companies of the world like as Boeing, Airbus, Goodrich, Dynamatics etc. have their branch offices in Bangalore. Indian heavy weight industries like as Bharat Earth Movers Limited (BEML), HMT (formerly Hindustan Machine Tools), Bharat Electronics Limited, Hindustan Motors (HM), Bharat Heavy Electricals Limited (BHEL), Indian Telephone Industries (ITI), ABB Group, The National Aerospace Laboratories (NAL), The Hindustan Aeronautics Limited (HAL) have their headquarters in Bangalore. Needless to say, these industries provide high-profile jobs in Bangalore for the young and senior professionals of the country. And, Bangalore is also the proud base for Apple’s India manufacturing plant, the only plant outside China. In the SME sector, there is the Peenya industrial area, one of the biggest industrial areas in Asia. Bangalore is also known for its silk industry.

Biotechnology –

Biotechnology Sector in Bangalore

Biotechnology is another sector which is fast expanding in the city. Bangalore is home to Biocon, India’s largest biotechnology company. Besides this, there is the Institute of Bioinformatics and Applied Biotechnology (IBAB), Indian Biotechnology Research Organisation (IBRO), National Center of Biological Sciences (NCBS) and the Indian Institute of Science (IISc). All these institutes and organizations look for research professionals and scientists for their R&D department.

Finance –

Finance Sector Jobs in Bangalore

Today Bangalore is not an IT or a Startup hub, but also evolving as a financial centre. There are many dedicated companies in financial services like as Oracle Financial Services, Deloitte Consulting, ING Vysya, DreamGains Financials Pvt. Ltd etc. in Bangalore offering varied jobs in the finance sector.

To sum up

No wonder, all these developments in the city are definitely contributing to Bangalore’s economy. All these have pave the path for more creating more jobs in Bangalore, spurring educational opportunities, and expanding infrastructure. The city is no doubt a centre of employment for urban and young job seekers of the country. And the boom is not only associated with the IT sector and its allied services, but also due to growth of start-ups, e-commerce, industries, entrepreneurship and other related sectors.