Software industry in Karnataka: Difference between revisions

The '''software industry in [[Karnataka]]''' state in India has become one of the main pillars of economy. Karnataka stands first among all the states of India in terms of revenue generated from software exports. Software exports from Karnataka amounted to excess of US$30.41 billion in 2017-18 (up to September 2017).<ref name="it">{{cite web|url=https://www.ibef.org/states/karnataka.aspx|title=About Karnataka: Information on Tourism Industry, Exports, Economy & Geography |publisher=India Brand equity foundation|accessdate=15 August 2019}}</ref> This achievement has earned Karnataka's capital city [[Bangalore]] the sobriquet of ''[[Silicon Valley of India]]''.<ref name="silicon">{{cite web|url=http://www.india-seminar.com/2001/503/503%20james%20heitzman.htm|work=James Heitzman|title=Becoming silicon valley|publisher= Seminar - Web edition|accessdate=19 June 2007}}</ref> This is because of the presence of major software companies in [[Bangalore]] and the revenue generated by exports of computer software. Though most software companies are located in Bangalore, some have settled in other cities like [[Mysore]], [[Mangalore]], [[Belgaum]] and [[Hubli]] in [[Karnataka]].<ref name="it"/> The Nandi Hills area in [[Devanahalli]] outskirts is the site of the upcoming $22 Billion, {{convert|12000|acre|km2|adj=on}} [[BIAL IT Investment Region]], one of the largest infrastructure projects in the history of Karnataka.<ref>{{cite news| url=http://www.hindu.com/2010/01/29/stories/2010012953620400.htm | archive-url=https://web.archive.org/web/20100201235839/http://www.hindu.com/2010/01/29/stories/2010012953620400.htm | url-status=dead | archive-date=1 February 2010 | location=Chennai, India | work=[[The Hindu]] | title=State Cabinet approves IT park near Devanahalli airport | date=29 January 2010}}</ref> This endeavor expected to create four million jobs over by the year 2030. The infrastructure required for setting up software industries in Karnataka is provided by [[STPI]]. The software industry in Karnataka includes companies dealing with various fields like telecommunication, banking software, [[avionics]], [[database]], [[automotive]], [[computer network|networking]], [[semiconductors]], [[mobile phone|mobile]] handsets, internet applications and [[business process outsourcing]].

There has been both positive and negative effects of software industry's tremendous growth. The per capita income of state has risen. The software engineers of the current generation earn salaries at the beginning of their career more than what their parents used to earn at the end of their career. This affluence can be seen with young engineers flaunting new electronic gadgets. Cars once considered a luxury has become a commodity, often leading to traffic jams and unavailability of space for parking. More people are traveling abroad for work as well as for tourism. Growth in income has had an effect on the real estate prices with the land rates skyrocketing.<ref name="real">{{cite web|title= Bangalored|url=http://www.thehindubusinessline.com/canvas/2004/11/27/stories/2004112700180400.htm|author=Anjali Prayag|work=Business Line |accessdate=19 June 2007}}</ref> Land prices have shot much beyond rate of inflation and in some places rate of land doubles every two years. Agriculture has slowed down as people find it more lucrative to sell the land rather than use it for agriculture. The surge in income of software professionals has led to increased interest among youth opting for computer science and information technology courses in college. The basic science, arts and commerce fields have felt a shortage of quality manpower. The current global recession of economy has hit software industry with some losing their jobs.