Economy of Bangalore

Bangalore or Bengaluru, the capital city of South Indian state of Karnataka, India is the largest industrial and commercial center of South India and is the third largest industrial and commercial center of the country. The economy of Bengaluru contributes over 43.65% to the economy of the State of Karnataka, accounting for 98% of the Software Exports of the State.

The establishment and success of high technology firms in Bangalore have led to the growth of Information Technology (IT) in India. As of 2020, IT firms in Bengaluru employed about 1.5 million employees in the IT and IT-enabled services (ITES)/BPM sectors, out of nearly 4.4 million employees across India, and accounted for the highest IT-related exports in the country. In 2014, Bangalore contributed US$45 billion, or 38% of India's total IT exports.

The estimated Metro GDP (PPP) of the city is around US$300 billion, with a Metro GDP (PPP) Per Capita of roughly US$25,461 in 2022. It has been ranked as the third most productive metro area in India. According to the estimates, Metro GDP (PPP) of the city has grown to US$320.1 billion in 2023.

One of the important factors spurring Bangalore's growth was heavy state government investment (and its environment) in Bangalore's public sector industries which is what makes it so developed and rich.

According to the Bangalore Innovation Report, with projected GDP growth of 8.5%, Bangalore will be the world's fastest growing city until 2035.