Pune is considered the cultural capital of Maharashtra. Pune has had a traditional old-economic base. Most of the old industries continue to grow. The city is also known for its manufacturing and automobile industries, as well as for research institutes of information technology (IT), education, management and training.
Pune is also one of the fastest growing cities in the Asia Pacific region. The ‘Mercer 2015 Quality of Living rankings’ evaluated local living conditions in more than 440 cities around the world where Pune ranked at 145. It also highlights Pune among evolving business centers and emerging 9 cities around the world with citation "Hosts IT and automotive companies.