Overview
- Senior officials at the CII GCC summit on July 9 urged industry to invest in skilling and innovation as the country shifts GCCs from low‑cost work to higher‑value AI, engineering, R&D and product roles.
- The finance minister said the government aims to build an ecosystem for roughly 5,000 GCCs by 2030 and highlighted Budget measures that provide tax certainty and faster approvals for centres.
- Karnataka on July 9 set a state goal to attract 500 new GCCs, create 350,000 jobs and generate $50 billion in output by 2029 under its KATALYST CONNECT plan.
- Officials and industry warned that rising wages, talent gaps in specialist skills and other countries copying the model make urgent upskilling, university partnerships and local innovation hubs essential.
- India now hosts about 2,100 GCCs employing roughly 2.0–2.3 million people and generating close to $100 billion a year, and policymakers expect growth in Tier‑2 and Tier‑3 cities to spread jobs and boost regional development.