01 — Local economy
Business in Bengaluru
Software services, product start-ups and multinational capability centres dominate Bengaluru's economy, spread along the Outer Ring Road, Whitefield and Electronic City. HAL, BEL and ISRO anchor an aerospace and defence-electronics base, Biocon leads a biotech cluster, and garment export factories on the city's fringes employ large numbers of workers.
Also known as Bangalore.
Where software helps: Start-ups and SaaS firms here can grow from a few clients to many within months, so subscription billing, revenue recognition, GST across states and investor-ready reporting soon outgrow spreadsheet finance.