The New York Times' Spotlight on India's Tech Rise

An important spotlight on India’s tech rise.

And why European media will follow.

In a comprehensive article, the New York Times covers the role of Indian Global Capability Centres (GCCs) for US multinationals. Described as “offshore campuses…performing functions vital to global business.”, India’s role in driving innovation globally is finally being recognised.

Here are some highlights from the article:

1️⃣ Talent concentration: Google, Qualcomm, Nvidia, Visa and many others have campuses within few hundred meters radius. Clear innovation clusters.

2️⃣ Accelerating demand: GCC-generated revenue projected to surge 50% by 2030.

3️⃣ Unmatched scalability: growing your hub to 1,000 - 2,000 engineers within 1 year possible thanks to the availability of talent (1.2 million graduates per year).

4️⃣ Economic multiplier: GCCs drive a booming commercial real estate market across Indian tech hubs.

This recognition matters because India often remains misunderstood. Industry expert Zinnov, quoted in the NYT piece, projects particularly strong growth for European-headquartered GCCs in the coming years.

German / European companies like SAP, Siemens Healthineers, Mercedes-Benz and Infineon already operate substantial tech centers in India, and many others started to catch up.

It’s not a question if, but when European publications such as German Handelsblatt will follow with their own articles on India’s evolving tech landscape.

What do you think?

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Source: The New York Times (written by Alex Travelli and Hari Kumar) via Zinnov, Zinnov

Photograph (c): Gabriela Bhaskar for The New York Times

Link to original LinkedIn Post.

Cross-post: Karnataka is the GCC Hotspot in India, 8 Reasons why GCCs Gain Momentum

India, Technology, GDP, Economy, Growth, Trade, Population, GCC