India has long branded itself as the world’s leading outsourcing destination for global companies, particularly for those in the technology sector. The country’s outsourcing industry was recently valued at $150 billion. India was recently ranked as having the third-largest start-up ecosystem in the world, as the country now has 26 start-up companies valued at more than $1 billion each. This success rate has encouraged interest in digital entrepreneurship as a career path, which can help build a tech-savvy workforce.
Most of the engineering graduate student opts for the job after completion of their course. Job opportunities are excellent after engineering. Engineering colleges also offer campus placement for their students. Bangalore is the heart of many educational and research institutions and has played a significant role in the contribution towards skill development. Bangalore is considered to be one of the educational hubs in India.
80 percent of global IT companies have based their India operations and R&D centers in Bengaluru. Bengaluru is the fourth largest technology cluster in the world after Silicon Valley, Boston, and London. Bengaluru has the highest number of R&D centers in India.
The city is also called the aviation monopoly capital of India. It accounts for India’s more than 65% aerospace business. World Aerospace giants such as Boeing, Airbus, Goodrich, Dynamatics, Honeywell, GE Aviation, UTL, others have their R&D and Engineering centres.