India's Global Capability Centers to Reach $100 Billion by 2030
India's Global Capability Centers: A Future Powerhouse
India's Global Capability Centers (GCC) sector is on track to transform the global innovation scene, with its market value expected to hit USD 100 billion by 2030. This growth is highlighted in a report by Inductus, which also predicts the sector will employ over 2.5 million professionals in the next six years. Currently, India hosts more than 1,700 GCCs, generating around USD 64.6 billion annually and employing 1.9 million people.
The report underscores the strategic role of Indian GCCs, noting that 70% of mid-sized companies see their Indian operations as vital for innovation. Moreover, 90% of GCCs in India have evolved into multi-functional hubs, combining technology, operations, and product engineering. Engineering, Research, and Development (ER&D)-focused GCCs are expanding 1.3 times faster than the general GCC growth rate, indicating a shift towards high-value capabilities.
Alouk Kumar, Founder and CEO of Inductus, remarked on the report's findings, "India's GCC ecosystem has matured into a powerhouse of innovation and digital transformation, offering unparalleled opportunities for companies to accelerate their growth journey while maintaining operational efficiency."
Looking forward, the study forecasts that by 2026, over 70% of GCCs in India will adopt advanced AI capabilities, including machine learning and AI-driven customer support. Additionally, 80% of surveyed GCCs plan to invest in cybersecurity training and AI-driven threat detection in the next five years, emphasizing a strong focus on technological advancement and security.
India's GCC ecosystem also boasts a competitive advantage in operational efficiency, with costs up to 40% lower than Eastern Europe and 30% lower than Latin America, enabling high-quality output and innovation at reduced costs.
Doubts Revealed
Global Capability Centers (GCC)
Global Capability Centers are offices or branches set up by big companies in different countries to handle important tasks like technology, customer service, and research. In India, these centers help companies from around the world to do their work more efficiently and at a lower cost.
USD 100 billion
USD 100 billion is a huge amount of money, equal to 100 billion US dollars. It shows how much the Global Capability Centers in India are expected to be worth by the year 2030.
2.5 million professionals
2.5 million professionals means 2.5 million people who are skilled and trained to work in these Global Capability Centers. They help in doing important jobs for companies from all over the world.
AI capabilities
AI capabilities refer to the use of Artificial Intelligence, which is like smart computer programs that can learn and make decisions. By 2026, many Global Capability Centers in India will use AI to improve their work.
Cybersecurity
Cybersecurity is about protecting computers and networks from bad people who try to steal information or cause harm. Many Global Capability Centers in India plan to invest in cybersecurity to keep their data safe.
Cost advantages
Cost advantages mean that it is cheaper to run Global Capability Centers in India compared to other places, like Eastern Europe. This is why many companies choose India for their operations.
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