Wednesday, 30 July, 2025
GCC Explosion in India Recasts Traditional Outsourcing Landscape
India’s Global Capability Centers (GCCs) are rapidly transforming from cost‑arbitrage hubs into strategic innovation platforms. Hosting over 1,700 centres contributing ~$64.6 billion in revenue and employing 1.9 million people in FY2024, GCCs are drawing talent and investment away from traditional outsourcing firms in cities like Bengaluru, Pune, and Hyderabad. Mid‑sized GCCs are now outpacing larger peers in hiring. Forecasted to hit $100–110 billion and employ 2.5–2.8 million.
Read full story at Economic Times