India is experiencing a significant rise in Global Capability Centers (GCCs), projected to reach 2,000 soon. Currently, with over 1,500 GCCs employing 1.3 million people, these centers contribute 25% of the country’s IT sector employment. Major cities like Bengaluru and Hyderabad are popular, but tier-II cities are gaining traction. Notable companies, from Blackberry to Lloyds Banking Group, are establishing GCCs in India. These centers not only contribute to parent firms but also invest in talent development and innovation, with a Deloitte study noting a substantial tax contribution. As the GCC market expands, it promises abundant opportunities for India’s talent and corporate landscape.
India’s Global Capability Centers (GCCs) Surge: A Catalyst for Economic Growth
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