The survey mentioned India has established itself as a distinguished participant in leveraging its huge expertise pool, which accounts for 28 per cent of the worldwide (science, know-how, engineering, arithmetic) STEM workforce and 23 per cent of the worldwide software program engineering expertise.
“Over the previous decade, the GCC ecosystem in India has matured considerably, advancing into high-end engineering roles similar to product managers and designers, with 35 per cent of transformation hubs exhibiting a powerful presence of architects.
“Moreover, international roles inside GCCs are increasing quickly, anticipated to develop from at present 6,500 to over 30,000 by 2030, supported by strong coaching programmes to develop management,” the survey mentioned.
The variety of GCCs in India has grown from about 1,430 in FY19 to over 1,700 in FY 2024.
As of FY24, GCCs in India employed practically 1.9 million professionals. Over the previous 5 years, India has remained on the forefront of the worldwide GCC enlargement technique, with greater than 400 new GCCs and about 1,100 new items established, the survey mentioned. In keeping with the survey, enlargement of the scope of protected harbour guidelines and streamlining switch pricing evaluation procedures are anticipated to make the nation’s switch pricing regime extra enticing and aggressive, increase IT exports, and ease enterprise for GCCs and the IT companies business.
