Global Capability Centers (GCCs): India’s New Growth Engine
Title - Global Capability Centers (GCCs): India’s New Growth Engine India has emerged as the undisputed global leader in the Global Capability Centers (GCCs) ecosystem, transforming from a cost-arbitrage destination to a strategic innovation powerhouse. With over 1,800 GCCs employing nearly 2 million professionals and generating $64.6 billion in export revenue in FY2024- a remarkable 40% year-over-year increase- India’s GCC story represents one of the most significant economic transformation narratives of the 21st century. Between early 2024 and late 2025 alone, approximately 110 new GCCs were established across the country, cementing India’s position as the GCC capital of the world. The country hosts over 53% of the world’s total GCCs, making it the preferred destination for multinational corporations seeking to build and scale next-generation global capability centers. This concentration of GCCs has created a mature ecosystem that benefits from network effects, knowledge spillov...