On July 14, 2025, Finance Minister Nirmala Sitharaman announced that Global Capability Centres (GCCs) in India are projected to employ 2.8 million people by 2030, up from the current 2.16 million. She shared these insights at a CII (Confederation of Indian Industry) event titled ‘The GCC Opportunity in India’.
According to her, India hosts over 32% of the global GCC talent, and the sector contributes $68 billion to the economy as gross value added (GVA), equivalent to 1.6% of national GDP. By 2030, this contribution could rise to $150–200 billion.
She also highlighted that, on average, one new GCC was set up every week in 2024. Notably, the growth in engineering research and development (ER&D) GCCs has outpaced the overall GCC growth rate by 1.3 times over the past five years, indicating a trend toward high-value, complex work being done from India. GCCs are no longer just for basic delivery or support services—they're now deeply involved in strategic business functions and product innovation.
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