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As India emerges as a key Global Capability Centre (GCC) hub, the number of global roles is expected to grow by about five times. The Economic Survey expects that the demand for these roles will grow as many multinational companies see India as an ideal location for their GCCs.
Over the past five years, India has remained at the forefront of the global GCC expansion strategy, with more than 400 new GCCs and around 1100 new units established.
“The adoption of Artificial Intelligence (AI) and Machine Learning (ML) and the establishment of AI centres of excellence further enhance the GCC landscape by tapping into India’s strong middle-management talent,” the survey said.
The number of GCCs in India has grown from about 1,430 in 2018-19 to over 1,700 in 2023-24, employing about 1.9 million professionals.
The survey said the GCCs are fundamentally altering the technology landscape, with global companies centralising their tech ecosystems in India.
“This is particularly evident in sectors like aerospace, defence, and semiconductors, where companies are advancing their engineering efforts to focus on next-generation platforms, products, and technologies,” it pointed out.
Within the GCC space, engineering, research and development (ER&D) GCCs are growing very fast. “These niche GCCs were grown by 1.3 times faster than others, reflecting a continued shift towards high-value-added work,” it said.
Jaspreet Singh, Partner at Grant Thornton Bharat, felt that the GCCs are evolving from support hubs to engines of global innovation and transformation—even leading global hubs for many large corporations.
With a deep STEM talent pool and expanding leadership roles, GCCs are not only shaping the future of industries but also creating high-value jobs and fostering technological self-reliance,” he said.
“Their continued growth will accelerate digital transformation, enhance global competitiveness, and position India as a key player in next-generation innovation. As businesses centralise strategic functions here or even move the entire piece to India, India’s GCCs will play a critical role in defining the future of global enterprises,” he pointed out.
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