Global Capability Centers in India

By 2030, 70% of Fortune 500 companies will have expanded to India. Such an impressive feat would not only cement its global lead in technology centers, but underline expectations of India becoming the 3rd largest economy by then.

India's economy is poised to become one of the largest worldwide, and its Global Capability Centers (GCCs) are powering global innovation and business transformation.

In a recent CNBC TV18 interview, Karthik Padmanabhan, Managing Partner at Zinnov, shared key insights from the latest India GCC Landscape Report by Zinnov and nasscom that highlight the growing importance of India for global businesses:

Current Landscape:
▶ 1,700 GCCs operating in India
▶ 1.9 million professionals employed in GCCs
▶ 17% of global technology centers located in India
▶ 23% of global software engineering talent based in India

2030 Outlook:
▶ 70% of Fortune 500 companies expected to expand their presence in India
▶ Projected growth to 2,100-2,200 GCCs
▶ Workforce expansion to 2.5-2.8 million professionals

India's GCC ecosystem is experiencing remarkable growth, cementing its position as a global hub for technology and innovation. With a significant portion of the world's tech talent and an increasing number of companies recognizing India's potential, I believe the country's clear momentum will continue.

Check out the link to the full interview in the comments.

How do you see this growth impacting global business strategies?


Mohammed Faraz Khan and Rohit Mishra, thanks for sharing this with me!

---
♻️ Share and follow if you are interested in global real estate, sustainability and market entry. Need ideas or want to cooperate? Connect and reach out!

Sources: Zinnov nasscom report, CNBC TV18 interview

Link to original LinkedIn Post.

India, Real Estate, GCC, Technology, Innovation