Global Capability Centres (GCCs) in India are projected to generate between 4.25 to 4.5 lakh new jobs in 2025, with an ambitious target of creating 1 million jobs over the next six years. A significant 35% of these centres plan to expand their workforce by 50-100% during this period.
Key Findings from the India GCC Growth Outlook 2024 Report
The “India GCC Growth Outlook 2024” report by NLB Services highlights several trends:
- Employment Projections:
GCCs aim to employ approximately 3.3 million professionals by 2030.
- Regional Growth
Cities like Bengaluru, Mumbai, Pune, and Chennai are expected to be major hubs for this expansion, particularly benefiting fresh graduates.
- Focus on Diversity:
Over 61% of GCCs anticipate increasing female hires by more than 50% by 2030, a notable rise from the current 7% planning similar expansions this year.
Driving Factors
India’s appeal as a destination for GCCs is attributed to its vast skilled workforce and supportive governmental policies. The report emphasizes the importance of workforce synergies as GCCs evolve, with a growing demand for skills in sectors like financial services, technology, manufacturing, and sustainability.
This anticipated growth underscores India’s strengthening position as a global hub for GCCs, contributing significantly to the country’s employment landscape and economic development.
This anticipated growth underscores India’s strengthening position as a global hub for GCCs, contributing significantly to the country’s employment landscape and economic development.
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