How India’s GCC Revolution is Driving a $50 Billion Economic Output by 2029

India's first-ever policy for Global Capability Centres (GCCs), announced at the 2024 Bengaluru Tech Summit, outlines an ambitious vision: establish 1,000 new GCCs, create 3.5 lakh jobs, and generate $50 billion by 2029. Karnataka leads the way, hosting 875 GCCs, employing 6 lakh people, and contributing $22.2 billion annually.

The Vital Role of GCC Enablers
 

Third-party GCC enablers streamline the setup and operations of GCCs by handling location selection, regulatory compliance, infrastructure, and talent acquisition. Their expertise reduces costs, minimizes risks, and enables parent companies to focus on core objectives. Leading players like ANSR, EY, Zinnov, and GlobalLogic are pivotal in India’s growing GCC ecosystem, offering services in strategy, digital transformation, and innovation.

India’s Edge: Talent and Innovation
 

India’s cost advantage is now complemented by a highly skilled workforce, making the country a hub for innovation. Major consulting firms like Deloitte help GCCs focus on advanced technologies and start-up collaborations. With upskilling and AI-driven services, India continues to attract cutting-edge global operations.

Emerging Trends: Nano GCCs and AI-Led Growth
 

Smaller, agile “Nano GCCs,” powered by AI, are rising as a key trend, helping SMBs tap into India’s vast resources. Companies like gatewAI are transforming the GCC model by focusing on innovation over cost.

Policy Support Needed
 

While the GCC sector is thriving, experts stress the need for policy incentives, such as tax benefits and infrastructure support, to attract more investments and achieve the $50 billion target.

The Road Ahead
 

India's GCC ecosystem is set to redefine global operations by blending innovation, cost efficiency, and talent. With a projected economic value of $75–80 billion by 2025, the sector promises immense growth. Collaboration between policymakers, enablers, and MNCs will be key to realizing this vision.

The GCC revolution is here—are you ready to join?