India’s Global Capability Centres (GCCs) are poised for significant expansion, with projections indicating the creation of approximately 4 lakh jobs for freshers by 2030. This growth is fueled by a robust ecosystem characterized by a diverse talent pool, high digital literacy, cost advantages, and the involvement of various industries, including IT, AI/ML, and data engineering
Key Highlights:
- Projected Workforce Growth: The GCC workforce in India is expected to reach 3 million by 2030, up from the current 1.9 million
- Fresher Opportunities: Approximately 1.5 lakh jobs are anticipated to be created by 2026, with around 1 lakh of these being entry-level positions for freshers
- Industry Valuation: The GCC market in India is projected to be worth USD 110 billion by 2030
- Gender Diversity: Women currently constitute 40% of the GCC workforce in India, with expectations of a 3-5% improvement in gender diversity as companies emphasize diversity, equity, and inclusion (DEI) initiatives
Driving Factors:
The rapid growth of India’s GCC ecosystem is attributed to several factors:
- Skilled Talent Pool: India offers a vast and diverse pool of skilled professionals, making it an attractive destination for GCCs
- Digital Literacy: High levels of digital literacy among the workforce facilitate the adoption of advanced technologies
- Cost Advantages: Operational costs in India are significantly lower compared to other regions, providing a competitive edge
- Industry Involvement: The participation of various industries, including IT, artificial intelligence, machine learning, and data engineering, contributes to the dynamic growth of GCCs
Future Outlook
As India continues to solidify its position as a global hub for GCCs, the focus remains on creating employment opportunities for freshers and enhancing gender diversity within the workforce. The anticipated growth in the GCC sector underscores the country’s commitment to fostering an inclusive and technologically advanced employment landscape
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