Hyderabad : Round up of 2010- After the 2008-2009 recession, the IT Industry fared above average in the past 11 months. The growth of the IT industry appeared to be a bit slow in Hyderabad in comparison to Chennai and Bangalore however the pace seems to have picked up over the last 5 months. Access to a wide talent pool in Hyderabad is one of the key reasons for Pegasystems to set up its office in Hyderabad.

No doubt that due to all the unrest in the city in 2010, the investor community’s confidence has been shaken for the time being and some of them are evaluating other regions to diversify their investment. In fact a lot of companies that are expected to come to Hyderabad in the near future would have come earlier had there been no unrest in the city in my opinion. However I also believe this is a temporary phase and I am confident that Hyderabad will regain and maintain its leadership position.