16 February 2023
Cost centres or business drivers? Reimagining the role of GCCs in 2023
As a home to approximately 1,700 Global Capability Centres (GCCs), India has become the global hotspot for GCC expansions. A recent report by NASSCOM and Zinnov on the GCC India landscape says, the country will likely grow to a USD 58-61 Billion market by FY2025, with 1,900-2,000+ GCCs. This will have a direct impact on not only the country’s employment which is estimated to reach 1.8 to 2 million+ in FY2025. On the other hand, this could bring the tech ecosystem much closer, thus impacting the quality of education and training of the new-age workforce, and reskilling of existing talent.