It accounts for 99 p.c. of State exports in IT, IT-enabled services sector
The Srikrishna Committee has emphasised on the need for ensuring that there was no de-stabilisation of the economy, flight of capital or erosion of business confidence and disturbance to safe access to all stakeholders in Hyderabad.
Its current economic inter-linkages with all regions had to be fostered and further developed, especially in the context of the city having become a hub of the ‘new economy' with an international brand image and interface. Its future was vitally dependent on the ability of decision-makers to work out arrangements for effective and transparent governance for all-round growth and development.
The Committee said it would be in the interest of all regions if Hyderabad's economy that was a growth engine for the State and national economy, continued to grow rapidly as only economic progress can create an expansion of employment opportunities.
It recalled that the State capital accounted for 99 per cent of the State's exports in the IT and IT-enabled services sector.
In absolute terms, AP contributed Rs. 32,500 crore of the country's exports of Rs. 2,17,000 crore in this sector.
The chapter titled ‘Issues relating to Hyderabad Metropolis' mentions the infrastructure investment in and around the city, like the international airport, the expressway, outer ring road, Hyderabad growth corridor and Multi-Modal Transport Service and the Metro Rail that was coming up. All of these were used to leverage the overall development pattern around the city.
Citing data from the Centre for Environment Planning and Technology, Ahmedabad, the report says that over eight lakh people leave for coastal Andhra and Rayalaseema during the Sankranti festival. The immigration from within and outside the State thus indicated that the present cosmopolitan character of the city was quite different from what was inherited from the Nizam period of what it was even three decades ago, with the total population expected to be over 1.03 crore by the end of the year.
The word ‘settlers' got a special mention and how it meant an unstructured section of population here and in other parts of the region. While the general reference was to migrants from coastal Andhra, their character changed, throwing up four distinct phases.
The first phase was when the Nizam's Government invited farmers from the coastal districts to come and cultivate lands downstream of Nizamsagar dam. The second phase was when Communists ‘were losing ground' in the late 1950s and when the party encouraged many of its cadres to settle in Telangana and third in the 1980s, largely involving investors and businessmen. The last phase was from the year 2000 when the IT-driven economic boom attracted educated professionals from all the State.
Also, the recent profile of migrants had changed again, with many now being from other parts of the country. Access to educational institutions here was also equally important to youth and people from across regions who had developed strong material and emotional attachment to the metropolis and feared loss of access if the State's contours changed.