Bengaluru is ranked as second in Asian Pacific Region as ” GLOBAL TECH HUB”.

Bengaluru trails only Beijing among the top tech hubs in Asia-Pacific in terms of talent and the ongoing demand from both domestic and international companies for high-quality office space, according to a report by Cushman and Wakefield. Delhi, Chennai, and Hyderabad come after Bengaluru. The study found that over the previous fiscal year, the country added over 500,000 IT jobs.

In order to assess and evaluate the cities, the study took into account variables like talent, real estate, and business environment. According to the report, Bengaluru is home to India’s largest Grade A office market and is one of the major contributors to the leasing of office space, accounting for an average of 25 to 30 percent of annual pan-India leasing activity from 2017 to 2021. In Bengaluru’s office market, the tech sector has contributed an average 38–40% share of annual leasing activity (2017–2021)—a higher percentage than the 35% national average, according to the report.

In addition to highlighting the city’s wealth of amenities for residents, the report mentioned Bengaluru’s high ranking in the Indian government’s Ease of Living Index 2020 for cities with more than one million inhabitants. The initial effects of the pandemic didn’t have much of an impact on the Indian tech industry, which recovered quickly and outperformed most other industries. In major Indian cities, office-related and technological employment fully recovered to pre-pandemic levels within two years.

By Subhechcha Ganguly

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