Does Bangalore still deserve the crown echnology capital of India?
Karnataka and its capital Bangalore have fallen way behind rival neighboring states in the pace of growth in software exports. During 2007-08, software exports from the state – the bulk of it from Bangalore – grew by just 11 percent even as Andhra Pradesh galloped at 41 percent and Tamil Nadu at 37 percent. The weak performance of the state is attributed to a long negligence by the state government to the industry, reports The Economic Times. During 2007-08, the national average growth rate was 29 percent, far eclipsing the state’s growth rate. Karnataka exported software worth Rs 54,000 crore in the 12 months to March 2008 and Rs 48,600 crore in the year-ago period, when the growth rate was 36 percent. “I fear for the future of the IT industry in Karnataka,” remarked TV Mohandas Pai, director (human resources), Infosys Technologies, India’s second largest software company and the biggest in the state. Even after taking into account the 11 per appreciation in the value of the rupee aga
