Despite Pandemic, Telangana's IT Exports And Employment Booms! | Nearby News
logo
Civic Contacts
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Despite Pandemic, Telangana's IT Exports And Employment Booms!
Telangana has put an overwhelming performance in the IT growth despite the pandemic.
N
Nishanth Kumar
Hyderabad
Thu Jun 10 2021
share via :
Despite Pandemic, Telangana's IT Exports And Employment Booms!
A -
A +

Telangana has put an overwhelming performance in the IT growth despite the pandemic. The state nearly recorded a 13 percent growth in IT and ITeS exports at over Rs 1,45,522 crore over last fiscal, according to the annual report on IT, Electronics and Communications Department for FY21 released by IT and Industries KT Rama Rao.

During the last fiscal, Telangana added 46,489 new jobs taking the total IT/ ITES employment to 6,28,615, a year-on-year increase of 7.99 percent compared to FY 2019-20. It was Rs 1.28 lakh crore in FY20. The state has seen more than double the estimated average national growth rate during this period. 

The state has seen marquee companies like Amazon Web Services, Goldman Sachs, and MassMutual arriving in the last year. The report also claims that Amazon Data Services is setting up three Data Centres in Fab City, Pharma City, and Chandanvelly in Telangana with an investment of Rs 20,761 Crores (USD2.77 bn).

The number of IT/ITES jobs in Telangana doubled to 6.28 lakhs in 2020-21 from 3.23 lakhs in 2013-14. IT exports grew to Rs 1.45 lakh crore from Rs 57,000 crore during the same period. These numbers indicate the IT boom after Telangana statehood is attained.

Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

Despite Pandemic, Telangana's IT Exports And Employment Booms!
Despite Pandemic, Telangana's IT Exports And Employment Booms!
Latest Articles
Weddings in The City Breaking Rules Amdist Pandemic
Weddings in The City Breaking Rules Amdist Pandemic
600 Hi-tech Traffic Umbrellas To Make it Easy For Traffic Police
600 Hi-tech Traffic Umbrellas To Make it Easy For Traffic Police
City Activist's Family Turns Messiah For COVID Affected Families
City Activist's Family Turns Messiah For COVID Affected Families
A Drug Cocktail That Makes COVID Symptoms Vanish
A Drug Cocktail That Makes COVID Symptoms Vanish
Bring The Film Theater Experience To Your Living Room
Bring The Film Theater Experience To Your Living Room
Growing Suspense Over Covaxin's Efficacy Trial Result
Growing Suspense Over Covaxin's Efficacy Trial Result
Government pushes to take State's IT Sector outside Hyderabad
Government pushes to take State's IT Sector outside Hyderabad
Three-yr-old Finally Gets World’s Most Expensive Medicine
Three-yr-old Finally Gets World’s Most Expensive Medicine
Woman's Shocking Step To Feed Her Son After Husband's Death
Woman's Shocking Step To Feed Her Son After Husband's Death
Mobbera Reaches Out Through Virtual Celebrations of Pride Month
Mobbera Reaches Out Through Virtual Celebrations of Pride Month
Related Articles
Weddings in The City Breaking Rules Amdist Pandemic
Weddings in The City Breaking Rules Amdist Pandemic
600 Hi-tech Traffic Umbrellas To Make it Easy For Traffic Police
600 Hi-tech Traffic Umbrellas To Make it Easy For Traffic Police
City Activist's Family Turns Messiah For COVID Affected Families
City Activist's Family Turns Messiah For COVID Affected Families
A Drug Cocktail That Makes COVID Symptoms Vanish
A Drug Cocktail That Makes COVID Symptoms Vanish
Growing Suspense Over Covaxin's Efficacy Trial Result
Growing Suspense Over Covaxin's Efficacy Trial Result
Government pushes to take State's IT Sector outside Hyderabad
Government pushes to take State's IT Sector outside Hyderabad
Three-yr-old Finally Gets World’s Most Expensive Medicine
Three-yr-old Finally Gets World’s Most Expensive Medicine
Woman's Shocking Step To Feed Her Son After Husband's Death
Woman's Shocking Step To Feed Her Son After Husband's Death
Hyderabad Part of 4-city Consortium to Identify COVID Virus Variants
Hyderabad Part of 4-city Consortium to Identify COVID Virus Variants
 Mosques In The City To Treat Black Fungus Cases
Mosques In The City To Treat Black Fungus Cases
A Realtor's Initiative To Help People Cope Covid Losses
A Realtor's Initiative To Help People Cope Covid Losses
Telangana, The New Favourite of International Students
Telangana, The New Favourite of International Students
City Woman Behind India's Low-cost COVID-19 Vaccine, Corbevax
City Woman Behind India's Low-cost COVID-19 Vaccine, Corbevax
High Court Lawyer Becomes Victim of Cyber Crime
High Court Lawyer Becomes Victim of Cyber Crime
Inorbit Mall Gifts Immunity Boosters To COVID Warriors
Inorbit Mall Gifts Immunity Boosters To COVID Warriors
Women and Child Safety Cell Pledge to Come Hard at Eve Teasers
Women and Child Safety Cell Pledge to Come Hard at Eve Teasers
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
nearby news
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2021