ENA Sectors 2024-11-19 15:56:18 <p><span style="font-size:14px"><strong>New Delhi, Nov 19 (KNN)</strong> Indias Global Capability Centres (GCCs) are on a transformative path, set to become a USD 100 billion industry by 2030, employing over 2.5 million professionals, according to a report titled India's GCC Landscape: A Strategic Pathway for Mid-Sized Aspirational Corporations to Scale Beyond.</span></p> <p><span style="font-size:14px">The report underscores Indias current stature as a hub for over 1,700 GCCs, collectively generating USD 64.6 billion in annual revenue while employing 1.9 million professionals.</span></p> <p><span style="font-size:14px">Beyond growth in size, GCCs in India are advancing their strategic importance, transitioning from traditional service providers to innovation and transformation hubs over the past five years.</span></p> <p><span style="font-size:14px">By 2026, over 70 per cent of Indias GCCs are projected to adopt advanced AI technologies, including machine learning for analytics, AI-powered customer support, and R&amp;D innovations. This technological pivot underscores the sectors focus on driving global corporate transformation.</span></p> <p><span style="font-size:14px">Cost competitiveness remains a cornerstone of Indias GCC appeal, with operational expenses up to 40 per cent lower than in Eastern Europe, ensuring efficiency without compromising quality.</span></p> <p><span style="font-size:14px">Moreover, GCCs offer strategic advantages such as risk diversification and uninterrupted operations. This multifaceted approach attracts global corporations seeking resilience in an increasingly volatile economic landscape.</span></p> <p><span style="font-size:14px">Bengaluru has solidified its position as Indias leading GCC hub, housing 36 per cent of the workforce, driven by its high-tech dominance (37 per cent of workforce share). Key sectors include BFSI and consulting (21 per cent), along with automotive and electronics manufacturing (10 per cent).</span></p> <p><span style="font-size:14px">Hyderabad follows, contributing 14 per cent of GCC clients, excelling in cloud computing, AI, and blockchain. Mumbai and Pune account for 31 per cent, focusing on high-tech and automotive industries, while Delhi-NCR emphasises oil and gas, IoT, and data analytics.</span></p> <p><span style="font-size:14px">Indias GCC landscape exemplifies innovation, strategic value addition, and cost efficiency. With sustained advancements in AI and technology, the sector is poised for robust growth, solidifying Indias position as a global powerhouse in corporate operations.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39965 https://knnindia.co.in/news/newsdetails/sectors/indias-global-capability-centres-poised-for-usd-100-billion-milestone-by-2030 2024-11-19 15:56:18 knnindia.co.in