Yes, 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.[1] Indian technological organisations are headquartered in the city. A demographically diverse city, Bangalore is the second fastest-growing major metropolis in India.[17] Recent estimates of the metro economy of its urban area have ranked Bangalore either the fourth or fifth-most productive metro area of India.[10][18] It is home to many educational and research institutions. Numerous state-owned aerospace and defence organisations, are located in the city. The city also houses the Kannada film industry.