Summary of this article
India hosts 1,800 GCCs contributing USD 64.6 billion in exports.
GCCs may generate 2.8–4 million new jobs by FY30.
Nearly 20 per cent of roles will demand digital skills like AI and cloud.
Rapid GCC expansion increases compliance needs across legal and regulatory areas.
India's emergence as a hub for Global Capability Centres (GCCs) with a potential to create 2.8-4 million new jobs by 2029-30 has brought to light the sector's need to meet various legal obligations, according to a report.
The report by TeamLease, GCCs in India: Cultivating Capability, Ensuring Compliance', revealed that India hosts over 1,800 GCCs, accounting for 55 per cent of the world's total, employs 1.9 million professionals and generates USD 64.6 billion in export revenue in FY25.
According to the report, India's GCC sector is projected to add another 2.8-4 million jobs by FY30. Nearly one in five of these will be for freshers with digital skills in AI, cloud, data engineering, and cybersecurity, underscoring the growing shift towards a "digital-first" workforce.
