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In a short span of time, Bangalore has emerged as the knowledge and technology capital of the country making rapid strides in the new economy as well. The city’s economy largely depends on trade and industries. The local economic structure is constituted by small and medium enterprises. The mid and peripheral zones concentrate 70 percent of the industries, almost all in smaller privately created industrial estates or in mixed use residential areas.

Bangalore's per capita income of US$ 6,460 is the highest for any Indian city. As of 2001 Bangalore's share of US$ 3.7 billion in Foreign Direct Investment was the 3rd highest for an Indian city. The Bangalore Stock Exchange is the largest in South India.

Biotechnology is another rapidly expanding field in the city. The city accounts for 47% or 127 of the approximately 265 biotechnology companies in India. Biocon, the country’s leading biotechnology company and ranked 16th in the world, is located in the city.


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