During the Telangana protests, It has been widely claimed that Hyderabad was affected by long periods of political stand-offs. At this period, Hyderabad managed to beat Bengaluru in terms of growth in per capita income and job creation.
The per capita income in Hyderabad grew by 5.2 per cent in 2009-14, compared to 4.8 per cent in Bengaluru as per US-based Brookings Institution report. Although the difference is marginal.
Mr Shiv Kumar Rungta, the president of FAPTCCI said “There was a lot of development in the IT sector and many companies had set up their offices in the business district prior to 2009. And this impact was felt in 2009-2014.”
Even during the uncertain period the city had seen a steady growth in the services sector as the cost of living was the lowest compared to other metros said a former FAPTCCI president, Mr Devendra Surana.
The Brooking’s Global Metro Monitor, which tracks 300 top city economies, shows that than Benguluru resident Hyderabadi is also on average, marginally richer. Per capita income in Hyderabad is $5,063, distinguished to Bengaluru’s $5,051.