India's GCC base grew around 16 per cent in 2024, hired 20 per cent more people

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India's GCC base grew around 16 per cent in 2024, hired 20 per cent more people

//science-technology.news-articles.net/content/2 .. -cent-in-2024-hired-20-per-cent-more-people.html

Published in Science and Technology on Tuesday, December 17th 2024 at 8:22 GMT by Business Line
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

2024 saw Global Capability Centres (GCCs) in India growing at a robust 16 per cent nationally, with the major cities vying with one another to attract and welcome MNCs.

India's Global Capability Centres (GCCs) have seen significant growth in 2024, with the number of GCCs increasing by approximately 16% to around 1,580. These centers have also expanded their workforce by 20%, hiring an additional 200,000 employees, bringing the total to 1.3 million. This expansion is driven by the need for digital transformation, cost efficiency, and access to a skilled talent pool. Sectors like engineering, R&D, and IT services are particularly thriving, with GCCs now focusing on higher value-added activities such as data analytics, AI, and cybersecurity. The growth is also supported by the Indian government's initiatives to promote ease of doing business and infrastructure development.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/data-stories/data-focus/indias-gcc-base-grew-around-16-per-cent-in-2024-hired-20-per-cent-more-people/article68996028.ece ]

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Business Line

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