Bangalore is widely regarded as the “Silicon Valley of India” (or “IT capital of India”) because of its role as the nation’s leading information technology (IT) exporter. Indian technological organizations are headquartered in the city. A demographically diverse city, Bangalore is the second fastest-growing major metropolis in India.
Recent estimates of the metro economy of its urban area have ranked Bangalore either the fourth- or fifth-most productive metro area of India. Bangalore is home to 7,700 millionaires and 8 billionaires with a total wealth of $320 billion. It is home to many educational and research institutions. Numerous state-owned aerospace and defense organizations, are located in the city. The city also houses the Kannada film industry. It was ranked the most livable Indian city with a population of over a million under the Ease of Living Index 2020