of the city from a traditional manufacturing base to a cosmopolitan industrial service sector. Since 1990s, the growth of information technology (IT), IT-enabled services (ITES), insurance and financial institution, had expanded the service sector on large scale, these economic activities boosted ancillary sectors of trade and commerce, transport, storage, communication, real-estate and retail. The service industry remains dominant in the city with 90% of the employed workforce engaged in the sector. According to a survey, as of 2005, 77% of males and 19% of females are employed in the city.Hyderabad emerged as a pharmaceutical and biotechnology hub and is known as "India's pharmaceutical capital" and "Genome Valley of India". It is among the global centers of information technology for which it is known as Cyberabad (Cyber City) During 2008–09, Hyderabad's IT exports reached US$ 4.7 billion, and 22% of the NASSCOM's total membership is from the city. The development of a township with technological infrastructure called HITEC City prompted multinational companies to establish their operations in Hyderabad. The city is home to more than 1300 IT firms, including global conglomerates such as Microsoft (the largest R&D campus outside the US), Google, IBM, Yahoo!, Dell, Facebook and major Indian firms including Mahindra Satyam, Infosys, TCS, Genpact and Wipro.
As in the rest of India, Hyderabad has a large informal economy that employees 30% of the labor force. According to a survey conducted in 2006 and 2009, Hyderabad has 50,000 street vendors, which are growing periodically. Among the street vendors, 84% are males and 16% female, and 80% of the vendors have stationary shops. Personal savings are the source of finance for 92% of the total street vendors, where as 8% of the vendors borrow loans from money lenders. the vendors earning varies from minimum 50 (US$0.91) to 800 (US$14.48) per day. The other unorganized economical sectors include
