GCCs to create 450K new jobs in 2025 as companies plan to expand: Report

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GCCs to create 450K new jobs in 2025 as companies plan to expand: Report - Business Standard

Quick Summary:

Global Capability Centres (GCCs) are expected to create 4.25-4.5 lakh new jobs this year and 1 million in the next six years, with 35 per cent of companies aiming for 50-100 per cent workforce expansion, a report said on Wednesday.

Across the country, GCCs are expected to generate 1 million jobs in the next six years while overall the sector is expected to employ 3.3 million professionals by 2030 (calendar year), said the report which is based on insights from 207 GCC decision-makers across 6 major cities and spanning 10 diverse sectors.

According to the India GCC Growth Outlook 2024 report by global technology and digital talent solutions provider NLB Services, India has emerged as the top GCC destination fuelled by its vast skilled workforce and supportive policies.