The Telangana government has positioned Information Technology (IT) as the state’s most rapidly growing sector, with Hyderabad at the heart of this development. Hyderabad has emerged as a major export hub for India’s software industry, significantly contributing to the state’s economic growth and solidifying its place on the global IT map.
Key Highlights for the IT Sector (2022-23):
- IT Exports: Telangana’s IT exports reached Rs 2,41,275 crore, marking a 31.44% growth, significantly outpacing the national average growth rate of 9.36%.
- Employment Growth: Employment in the IT sector increased from 7,78,121 in 2021-22 to 9,05,715 in 2022-23, showcasing the sector’s expansion and its role in job creation.
- Government Initiatives: The Telangana government has integrated advanced IT systems to improve governance and development, focusing on efficiency and inclusivity.
This strong performance in exports and employment underscores Telangana’s position as a leading destination for innovation, investment, and technology-driven growth.
