Hyderabad is now renamed as Greater Hyderabad.

Hyderabad's many epithets include the City of Pearls, the City of Nawabs, the Biryani City and, because of its high-tech draw, Cyberabad.

Hyderabad has become a preferred conference venue in India as well as the world, with many conferences and meetings taking place in the city. The city is home to the world's largest film studio, the Ramoji Film City as well as the second largest film industry in the country, the Telugu Film Industry known popularly as Tollywood. The city is also known to be a sporting destination with many national and international games conducted here. The people here are called Hyderabadis. The city is regarded as a blend of traditionality with modernity.

Hyderabad is the financial and economic capital of the state of Andhra Pradesh. The city is the largest contributor to the state's gross domestic product, state tax and excise revenues. The workforce participation is about 29.55 percent. Starting in the 1990s, the economic pattern of the city has changed from being a primarily service city to being one with a more diversified spectrum, including trade, transport, commerce, storage, communication etc. Service industry is the major contributor, with urban workforce constituting 90% of the total workforce.

Hyderabad is a major centre for pharmaceuticals with companies such as Dr. Reddy's Laboratories, Matrix Laboratories, Hetero Drugs Limited, Divis Labs, Aurobindo Pharma Limited, Lee Pharma and Vimta Labs being housed in the city. Initiatives such as Genome Valley, Fab City and the Nano Technology park are expected to create extensive infrastructure in bio-technology

Like many Indian cities, Hyderabad has witnessed a remarkable growth in the real estate business, thanks to a predominantly information-technology-driven boom in the 1990s and the retail industry growth over the last few years which have spurred hectic commercial activity. A number of mega malls have come up or are being built in the city. Real estate demand in the suburban and rural areas surrounding Hyderabad has gone up exponentially leading to reckless increase in prices over the past few years.