If there is method in madness, it
is in Hyderabad. The city as made huge strides on almost all fronts, metamorphosing
from a mere trading gateway to south India to a powerhouse worth reckoning.
Encouragingly, it has the least business costs in the country. All activity,
despite some political roadblocks, has a unifying strategy driver. Nothing is
uncoordinated and standalone commissioning. To the untrained eye, it does look
like unconcerted opportunism. Actually it is backed by unified thought of those
in governance. There is something about the culture and thinking processes afoot
in this city which is not easily placeable, but it is this that makes the city
Hyderabad is the financial and economic capital of Andhra Pradesh and the largest contributor to the state's GDP, through state tax and excise revenues. .
Starting in the 1990s, the economic pattern of the city has changed from being a primarily service city to being one with a more diversified spectrum, including trade, transport, commerce, storage, communication etc. Service industry is the major contributor, with urban workforce constituting 90% of the total workforce. .
Hyderabad is known as the city of pearls, lakes and, lately, for its IT companies. It is a major centre for pharmaceuticals and many initiatives are being taken to create extensive infrastructure in bio-technology. .
Like many Indian cities, Hyderabad has witnessed a remarkable growth in real estate business, thanks to a predominantly IT-driven boom in the 1990s and the retail industry growth over the last few years which have spurred hectic commercial activity. A number of mega malls have come up or are being built. .
Real estate demand in the suburban and rural areas surrounding Hyderabad has gone up exponentially leading to reckless increase in prices over the past few years. Retail in Hyderabad is on the rise. The city has multiple CBDs (central business districts) cross it. .
This city, like Ahmedabad, is perfectly on the path to becoming more competitive. Its aspirations can, however, rise further. When Mumbai wished to replicate Shanghai, it already had exacerbating structural problems which it has not been able to counter. .
Hyderabad on the other hand doesn't have any similar deadweight tying it down. It is the perfect setting to emerge as a truly world class city, only if it aspires more. For that, it has to come out of the sluggish and relaxed lifestyle which the Hyderabadis have been enjoying traditionally. .
COMPETITIVE STRENGTHS .
Least business cost
Very good on business complexity
Decent demand conditions .
COMPETITIVE WEAKNESSES .
Poor on competitive intensity
Unimpressive Knowledge creation