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This paper aims at economic analysis of globalization and urban growth of Bangalore (capital of Karnataka State, and globally known as Silicon Valley of India, IT Hub of Asia, and IT Capital of India) in South India. It offers new insights and evidence for information and communication technology (ICT) sector as a major source for selective globalization and urban growth. Estimated combined contribution of ICT manufacturing and services to Bangalore's economic growth is compared with regional, national and international (OECD average) levels. Empirical results support for a remarkable performance of Bangalore at all levels, mainly driven by ICT sector. In addition, Bangalore's valuable contributions to regional and national economic growth are singled out. Available and new evidence are put together to explain select factors behind Bangalore's phenomenal economic growth under globalization. |
