New Delhi, Dec 11 || Global Capability Centres (GCCs) in India are poised to reach $105 billion by 2030 as the sector expands into higher‑value research and development, driven by government policy and talent, the government data showed on Thursday.
The country now hosts over 1,700 GCCs that together earned $64.6 billion in FY24 and employ over 19 lakh professionals, up from $40.4 billion in FY19 at 9.8 per cent annually, according to an official statement.
The number of centres could touch 2,400, employing over 2.8 million professionals as India cements its position as a preferred destination for global enterprise capability.
GCCs are offshore units set up by companies to deliver a range of services for their parent organisations.
The centres are concentrated in Bengaluru, Hyderabad, Pune, Chennai, Mumbai and the National Capital Region. They are increasingly handling engineering R&D, AI, cybersecurity and semiconductor work, with engineering research GCCs growing 1.3 times faster than overall setups.