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Kolkata, The City With Rich Culture and Bounteous Jobs

Updated on September 24, 2015

Kolkata, also known as the 'City of joy' is the commercial and educational hub of the east India. It is widely popular for its festivals such as Durga Puja, Kali Puja, and Kolkata Book Fair. Apart from this, Kolkata is also famous for its enthusiastic people, culture, and mouthwatering food. Furthermore, this city is the 7th most populous city of India. In the last few years, this city has witnessed a fast-paced growth. Industrialization is undoubtedly the most important factor behind the steady growth of this city. Many new ventures have also started to target this city for their business, which is resulting in the generation of several new job and career opportunities.

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Kolkata facts

  • Kolkata has an outstanding architecture. One can enjoy exploring its beautiful temples, mosques, monuments, universities, and much more

  • After New Delhi, Kolkata is the 2nd largest city in India in terms of area covered

  • Kolkata has been given several names apart from the “City of joy”, which includes “city of palaces”, “city of processions” and the “cultural capital of India”

  • This city has the oldest zoo in the country

  • The beautiful Howrah Bridge in Kolkata is one of the largest cantilever bridges in the world

  • It has one of the largest public library “The National Library of India” in the country

  • The Royal Calcutta Golf Club is the first-ever golf club in India outside the United Kingdom

  • The Calcutta Cricket and Football Club is the second-oldest cricket club in the world after MCC (Mecca of Cricket)

  • Kolkata is definitely a paradise for book lovers. This city has a place known as 'College Street'. It is the 2nd largest second-hand book market in the world. In this market, one can find even the rarest of the rare books

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Industries accelerating the growth of economy in Kolkata

While Kolkata houses several industrial units, the key industries accelerating the growth of this city are the IT and banking industry. Being the only metropolitan city from East India, this city has enticed a large number of IT firms across the nation and abroad to set up their business in Kolkata. As far, the major software firms, which have already made Kolkata their hub of operations include:

  • Wipro

  • Infosys

  • TCS

  • Tech Mahindra

  • Infotech

  • HCL Technologies

  • MphasiS

  • Genpact

  • Tata Interactive Systems

  • Ramco Systems

  • Firstsource

  • CMC Limited

  • NIIT Technologies

  • Moser Baer Ltd.

  • Aptech IT

  • Aegis

  • Aditya Birla Minacs

  • Rolta India Ltd

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The IT sector in Kolkata is reportedly growing at 70% per year, which is twice the national average. As per the annual 2014 economic rankings of cities worldwide conducted by the Brookings Institution and IPMorgan Chase, Kolkata ranked 32 in performance among 300 world cities. This city is giving a tough competition to other major Indian cities including Mumbai, Hyderabad, Bangalore and Chennai. This report was based on the two key economic indicators, which are the annualized growth rate of real GDP per capita and the annualized growth rate of employment.

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The easy availability of a large number of talent pool is perhaps the main reason why so many companies consider it a perfect outsourcing destination. Some of the Kolkata-based software companies, which are responsible for the growth of outsourcing and information technology in Kolkata includes:

  • TCG Software

  • UshaComm

  • Alumnus Software Serenus Infotech

  • Metalogic Systems

  • Data–Core

  • RS Software

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Furthermore, the starring IT and IT-SEZ parks in Kolkata at Salt Lake, Rajarhat and Bantala has attracted numerous foreign software firms to directly outsource to Kolkata. The DLF IT SEZ project in Rajarhat is making this city an ultra modern integrated tech city offering modern workspaces to IT/ITES companies. The current operating companies in this city include Genpact, IBM, Tech Mahindra, Capgemini, Accenture, Ericsson, HCL Technologies, Phillips, etc. Moreover, the IT companies such as Infosys, Wipro and TCS have their campuses. Besides, this city houses various top-class schools and engineering colleges such as Techno India, DPS and more. On the whole, this city has everything starting from the commercial, retail and entertainment to medical centers, schools, and colleges.

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The other major industry in Kolkata that is playing a significant role in the economy of this city is the textile industry. This industry contributes to the industrial output, export and employment sectors of Kolkata. The easy access to abundant natural resources, appropriate climatic conditions and the lower cost of business operation are the key reasons for the growth of this industry in Kolkata region.

Further, the other industries, which are contributing towards the economic growth of this city includes cement, engineering, steel, food processing, electronics, pharmaceuticals, leather, chemical, automobile, etc.

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Growing startups in Kolkata

With Google as a prime sponsor, NASSCOM company has taken an initiative for incubating, funding and supporting 10,000 technology start-ups throughout the India in next 10 years. The other supporters of this program apart from Google are Microsoft, Intel, Kotak Bank, Verisign and many more. In an open house pitching session, which was held on 17th February 2015 in Kolkata in the presence of various entrepreneurs, government officials and business leaders, the IT Secretary Govt. Of West Bengal, Satish Tiwary highlighted the Government’s Policies and Incentive Schemes for start-ups in the state. Under this program, various startups will be introduced in Salt Lake, Kolkata's corporate hub.

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Kolkata as an educational hub

Students not only from India but also from other countries such as the US, South Korea, and Japan are considering Kolkata as an educational hub. This city is offering abundant educational opportunities in various educational fields. At least 30 different educational institutes have been allotted land in Rajarhat township. Over 150 acre of land has been allotted to these institutions for setting up their campuses in different parts of the township. Some of the top educational and training institutes that are coming up in Rajarhat township includes:

  • Amity University

  • Institute of Chartered Accountants

  • St Xavier's University

  • Institute of Engineering and Management

  • Ramakrishna Mission Center of Excellence

  • Presidency University

  • IIT Kharagpur

  • Rabindra Bharati University

  • WBPDCL Training Institute

  • IISWBM

  • Belle Vue Nursing College

  • Al Ameen Mission Trust

Furthermore, below is the list of other existing top educational institutes in Kolkata:

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Top engineering colleges

  • Jadavpur University, Kolkata
  • Indian Institute of Science Education and Research, Kolkata

  • Institute of Engineering and Management, Kolkata

  • Techno India University, Kolkata

  • Government College of Engineering and Leather Technology, Kolkata

  • Government College of Engineering and Ceramic Technology, Kolkata

  • Future Institute of Engineering and Management, Kolkata

  • BP Poddar Institute of Management and Technology, Kolkata

  • Joboriented Advanced Vocational IT Engineering Institute and Services (JAVIETS )

  • MCKV Institute of Engineering Lilua

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Top management institutes

  • Indian Institute Of Management
  • Indian Institute of Foreign Trade

  • Vidyasagar College

  • Techno India

  • TASMAC

  • Pioneer College of Management

  • NSHM Business School

  • Calcutta Business School

  • IHRM Group of Institutions

  • International School of Business & Media

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Top medical colleges

  • University College of Medicine and JNM Hospital
  • Calcutta National Medical College

  • North Bengal Medical College

  • R G Kar Medical College and Hospital

  • Medical College Kolkata

  • Institute of Post Graduate Medical Education and Research

  • Dr R Ahmed Dental College

  • NSHM Knowledge Campus Kolkata Group of Institutions

  • Nopany Institute of Healthcare Studies

  • Ali Yabar Jung National Institute of Hearing

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Jobs in Kolkata

In terms of jobs, Kolkata is riding high with the booming job market. Jobs in Kolkata are present in almost every sphere including Information Technology, Banking, Engineering, Manufacturing and various other industries. This city attracts a large number of job seekers including freshers and experienced professionals from all across the nation to make a fruitful career in their choice of field. Furthermore, the thriving IT and Banking sectors are playing the most important role in the burgeoning economy of Kolkata.

Kolkata, the capital city to the eastern state of India, West Bengal is relishing in the glory of a boom in the job market. This city is not only worth exploring for its amazing festivals, food, and beautiful places but also as a promising destination for job seekers.

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