As a developing country in Asia, India’s economy sector has grown rapidly over for the last few years. According to CNN, India has the fastest growing economy in the world this year. India has had many technological developments and industries, ranging from computer software to motorcycles, automobiles, satellites, helicopters and aircraft industry. In the near future, India plans to make nuclear technology.
Since the early 1990s, major cities in India have continued to develop into centers of Information Technology industry. In the process, there two Indian states became the center of Information Technology: Karnataka and Andhra Pradesh. Bangalore is the capital city of Karnataka, which has become known as the Silicon Valley of India. Banglore is home to headquarters of IT companies such as Wipro, Infosys, Accenture, and Tata Consultancy Services. Andhra Pradesh pioneered the IT revolution. In Andhra Pradesh, Hyderabad and Secunderabad have had a very important role in the development of IT. Hyderabad has earned the nick name “Cyberabad.” Interestingly, Bill Gates chose this city by as the first one outside the United States for a Microsoft R&D development facility.
In addition to growing its IT field, India is also growing in the field of automotive industry. There are several well-known automotive companies, such as Bajaj, TVS and Tata Motors, each of which have already entered international marketing. Tata Motors manufactures cars and other commercial vehicles, and ranks 6th in the world of commercial vehicle companies. Headquartered in Mumbai, Tata Motors has production sites throughout India, as well as several other countries, including Argentina, South Africa, Thailand, and the United Kingdom. Tata Motors also has research and development centers in India, South Korea, Spain, and the UK.
India’s cinema sector is also starting to break into the international realm. The Indian film industry, known as Bollywood, has grown in the last two centuries. The word Bollywood comes from the combination of Bombay (the old name for Mumbai) and Hollywood. Bollywood is the largest film producer in the world. Several Indian movies have done well at the international box office, such as PK, Dhoom 3, Chennai Express, and 3 Idiots. Slumdog Millionaire is Bollywood’s most successful movie. It won several awards, including Oscars for best motion picture, screenplay, directing, and original song. It also won several Golden Globes and BAFTAs.
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