Synopsis : India's Global Capability Centres are poised to employ 2.8 million professionals by 2030, powered by rapid growth in engineering R&D and global leadership roles. With 32% of the world's GCC talent already in India, the sector is set to become a major contributor to national GDP and global innovation.
India is on track to become the epicenter of global innovation and enterprise transformation, with employment in Global Capability Centres (GCCs) expected to grow from 2.16 million to 2.8 million professionals by 2030. Union Finance Minister Nirmala Sitharaman shared these projections at the Confederation of Indian Industry’s (CII) event titled ‘The GCC Opportunity in India’, emphasizing the scale and speed of this dynamic sector.
Today, more than 32% of the world’s GCC talent resides in India, contributing $68 billion in direct Gross Value Addition (GVA)—about 1.6% of the national GDP. This figure could rise dramatically to between $150 billion and $200 billion by the end of the decade, reflecting India’s rising stature in the global services and innovation economy.
Approximately 50% of Fortune 500 companies have already established their GCCs in India, drawn by its deep talent pool, strategic capabilities, and cost advantages. Sitharaman noted that the sector has seen a Compound Annual Growth Rate (CAGR) of 11% over the past five years—an indication of strong and steady momentum.
The evolution of the GCC model is also notable. Engineering research and development (ER&D) GCCs are expanding 1.3 times faster than the broader GCC ecosystem, underscoring a shift from basic operations to complex, high-value functions such as innovation, leadership, and business transformation.
“On average, at least one new GCC was set up every week in 2024, and a similar trend is expected this year as well,” said Sitharaman. She emphasized the government’s commitment to creating a welcoming and supportive environment for both existing and new GCCs.
India’s unique edge lies in its talent. The country makes up 28% of the global STEM workforce and 23% of the software engineering workforce. With 42.7% of STEM graduates being female, women now make up around 35% of the GCC workforce—a progressive indicator for inclusive tech growth.
Cost-effectiveness is another key advantage. Operations in India are estimated to cost 30–50% less compared to the US, UK, and Australia. Additionally, the nation’s growing network of IITs and IIITs and robust corporate training ecosystems are nurturing global-ready leaders. The number of global leadership roles based in Indian GCCs is expected to rise from 6,500 today to over 30,000 by 2030.
India's GCC sector is not only a testament to its growing economic clout but also a beacon of what’s possible when innovation meets talent at scale.
Disclaimer : This article is intended for informational purposes only, based on publicly shared data and statements by India's Finance Minister. It does not constitute financial or professional advice.
