That's What I always believed

Three cheers to southern states

The Financial Express

Three cheers to southern states! They have a major contribution in making India one of the fastest growing economies. Cities such as Bangalore, Hyderabad and Chennai have emerged as growth poles, creating centres of excellence in Information Technology (IT), biotech and pharmaceuticals, according to a Confederation of Indian Industry (CII) report.



“Bangalore alone contributes to around 40 per cent of India’s services exports ($8 billion per annum) and around 12 per cent of goods exports ($6 billion per annum). Dynamic clusters with sectoral specialisation like Tirupur exported $800 million worth of goods every year,” it said citing its study on “Key Factors Making India A Major Global Player: The Southern Stake.”

On services side, majority of India’s H1B visas are issued to south Indians and Chennai has the longest waiting list for F1 visas, it said.

Acknowledging that south India forms the backbone of country’s comparative advantage in the services sector, the report said: “Southern states have also leveraged their traditional strengths in textiles, marine products, gems and jewellery and engineering.”

  ¶ 12:09 PM