GCC IN INDIA

India has solidified its position as a global leader in the realm of Global Capability Centres (GCCs), showcasing remarkable growth and resilience. Here's an overview of the current landscape:

Market Size and Growth: • Revenue Milestone: In 2024, India's GCCs generated an impressive $64.6 billion in revenue, with projections aiming for $99 billion to $105 billion by 2030. • **Expansion Trajectory: **The number of GCCs is expected to grow from over 1,700 in 2024 to approximately 2,100-2,200 by 2030, reflecting India's robust infrastructure and talent pool. Employment and Talent: • Job Creation: GCCs currently employ around 1.9 million professionals, with an anticipated increase to 2.5-2.8 million by 2030, underscoring India's skilled workforce. • Sector Dominance: The BFSI (Banking, Financial Services, and Insurance) sector leads the GCC market in India, accounting for about 35% of the market share, driven by demands for regulatory compliance and risk management.

Regional Developments: • Tier-2 City Emergence: Cities like Jaipur and Coimbatore are becoming GCC hotspots due to rising costs in Tier-1 cities and favorable policies, despite existing infrastructure challenges. • Leasing Activity: In 2024, GCCs accounted for 37% of the overall leasing activity across the top nine cities in India, with a record 29.4 million square feet leased, marking a 29% year-on-year growth.

Future Outlook: • Policy Support: States like Karnataka plan to double the number of GCCs to 1,000 by 2029, aiming to create 350,000 new jobs and generate $50 billion in economic output through incentives and infrastructure development. • **Sectoral Expansion: **While BFSI currently dominates, sectors such as healthcare, life sciences, and retail are poised for significant growth, driven by the need for data management, clinical research, and supply chain optimization.

India's GCC landscape is on a dynamic growth path, propelled by a combination of strategic policy initiatives, a vast talent pool, and a conducive business environment. This trajectory not only reinforces India's position as a preferred destination for global enterprises but also highlights its evolving role in the global business ecosystem.

Three Across, with its expertise in lateral recruitment, executive search, and RPO services, is poised to support and scale the staffing needs of ambitious companies expanding their GCC presence in India. As a trusted talent partner, we collaborate closely with clients across BFSI, Healthcare, Technology, ITES, Manufacturing, Consumer Goods, Energy, and Travel sectors, delivering tailored workforce solutions that drive growth and innovation.