India's Global Capability Centre Market to Hit $105 Billion by 2030
Wednesday, 11 September 2024, 06:59
Market Projections for India's Global Capability Centres
India's global capability centres (GCCs) are *set for substantial growth*, with estimates indicating a rise to **$99 billion to $105 billion** by 2030. This forecast reflects a sharp increase from **$64.6 billion** in fiscal 2024.
Driving Factors Behind Growth
- Rising demand for *digital transformation* solutions.
- Increased investment in *innovation and technology*.
- Expansion of global companies establishing *GCCs* in India.
Strategic Importance of GCCs
GCCs are **critical** for India’s economic growth, enhancing *innovation* and creating job opportunities. They are instrumental in driving efficiency and technological advancements across various sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.