Multinational corporations (MNCs) are increasingly investing in India’s Global Capability Centers (GCCs) due to their evolution into strategic hubs for innovation and global leadership.
India’s GCC Ecosystem Set for Massive Growth
- The number of GCCs in India has grown substantially, from over 1,285 in fiscal year 2019 to over 1,750 in fiscal year 2025, now employing more than 1.9 million professionals.
- GCCs are no longer merely cost centers but have transformed into vital drivers of global leadership and innovation for MNCs.
- Projections indicate that the GCC market in India will reach between $99 billion and $105 billion by 2030, with an estimated 2,100 to 2,200 centers and 2.5 million to 2.8 million employees.
- Key sectors such as Banking, Financial Services, and Insurance (BFSI), automotive, and enterprise products are significantly influencing the GCC landscape in India.
- India’s robust talent pool, strategic collaborations, and supportive policy environment are key factors contributing to its sustained growth in the GCC ecosystem.
Read More at Business Times