Emerging Technology Hubs of India

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The report, in partnership with Deloitte, highlights the rise of tier-2 cities in India as dynamic tech hubs, reshaping the future of work and innovation. It is a comprehensive guide for enterprises to make informed decisions about establishing and operating technology centers in emerging cities. The report presents profiles of 26 Indian emerging technology hubs, Analysis of 5 essential pillars for establishing technology hubs in India, models and factors for successful location strategy and case studies of companies with successful location strategies.

Key Findings

Decentralised work is here to stay-hybrid workforce to companies expanding to locations outside metro cities

Despite a sectoral CAGR of ~9 percent in the past four years, the majority of the 5.4 million people employed in the technology industry in India have clustered around seven major cities.
About 30 percent of India residing in non-metro cities relocates to tier 1 cities for employment after graduation.

Tier-2 cities continue to grow, however the nature of growth is different

Emerging cities are leveraging their core competencies to become a destination for a different type of service or industry, and thus building their own unique brand
Example Mysuru - a cybersecurity hub, Ahmedabad -BFSI and FinTech capabilities

Emerging hubs of competence incentivising companies to pursue a multi-tier location strategy

Development of physical infrastructure, skill diversity, start-up presence, government initiatives, risk and regulatory environment and high social, living standards have ensured tier 2 cities standards are comparable with tier 1 cities

Availability of abundant and varied talent pool is the strongest pillar for many of the tier-2 cities

Non-metro cities produce 60 percent of India’s overall graduates from their engineering, arts, and science colleges, giving companies a significant competitive advantage for their multi-tiered location strategy

Emerging Technology Hubs of India

Key Findings

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