Global Capability Centres (GCCs) are specialized in-house centers established by various companies to harness India's vast talent pool and expertise. These centres play a critical role in delivering high-quality services and solutions across different sectors.
As of now, there are over 1,580 GCCs actively operating in India. These centres have become pivotal in driving innovation and efficiency within their respective organizations.
GCCs are significant contributors to employment in India, providing jobs to approximately 1.66 million individuals. This number reflects the growing demand for skilled professionals in various domains.
The projected revenue of GCCs in India is expected to reach between $60-80 billion over the next two years. This growth signifies the increasing reliance on GCCs for business optimization and global operations.
In the next two years, the number of GCCs in India is anticipated to rise to around 1,900. This expansion will further enhance the employment landscape, with the total number of employees projected to increase to nearly 2 million.
Several factors are driving the growth of GCCs in India:
To achieve their full potential, GCCs require substantial support in various areas:
Q1. What is the role of GCCs in the Indian economy?
Answer: GCCs significantly contribute to India's economy by creating jobs, driving innovation, and enabling companies to leverage local talent for global operations.
Q2. How do GCCs benefit from India’s talent pool?
Answer: GCCs benefit from India's diverse and skilled workforce, which offers a wide range of expertise in technology, management, and customer service.
Q3. What challenges do GCCs face in India?
Answer: GCCs face challenges such as infrastructure gaps, skill mismatches, and the need for stable regulatory frameworks to thrive effectively.
Q4. How will GCCs impact employment in the future?
Answer: GCCs are expected to create more job opportunities, increasing their employment numbers significantly as they expand their operations in India.
Q5. What policies can support GCC growth?
Answer: Policies focusing on infrastructure improvement, tax stability, and skill development initiatives are crucial for supporting GCC growth in India.
Question 1: What are Global Capability Centres (GCCs)?
A) Local business hubs
B) Global in-house centres leveraging talent
C) Government establishments
D) Educational institutions
Correct Answer: B
Question 2: How many GCCs are projected to be in India in two years?
A) 1,580
B) 1,900
C) 2,200
D) 2,000
Correct Answer: B
Question 3: What is the expected employment number in GCCs in two years?
A) 1 million
B) 1.66 million
C) 2 million
D) 2.5 million
Correct Answer: C
Question 4: Which is a key driver for GCCs in India?
A) Low education levels
B) High operational costs
C) Mature technology ecosystem
D) Political unrest
Correct Answer: C
Question 5: What is one support needed for GCCs to thrive?
A) Decreased investment in skill development
B) Improved infrastructure
C) Lack of innovation
D) Increased taxation
Correct Answer: B
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