India’s billion-$ revenue GCCs double in five years GCCs in India set to outpace IT services in hiring for second consecutive year
India’s Billion-$ Revenue GCCs Double in Five Years
In a remarkable shift, India’s Global Capability Centers (GCCs) are doubling their revenue and are poised to outpace IT services in hiring for the second consecutive year. The growth trajectory of these centers is not just impressive; it’s a harbinger of innovation that will redefine the corporate landscape.
GCCs vs. IT Services: The Hiring Race
As we step into 2024, major Indian IT companies are experiencing only a modest headcount increase. In contrast, GCCs are rapidly expanding their workforce, highlighting a trend that favors agility and innovation. This year, GCCs are expected to lead the charge in employment, with an emphasis on nurturing talent that drives value for their parent firms.
Fueling Innovation
The surge in hiring at GCCs is not merely about numbers. These centers are becoming the backbone of technological advancements for their parent organizations. By focusing on research and development, data analytics, and product innovation, GCCs are enabling companies to stay ahead in a competitive market.
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Conclusion
As India’s billion-$ revenue GCCs continue to evolve, they are set to become key players in the global market. With innovation at their core and hiring on the rise, these centers are not just transforming their own futures but also shaping the industry’s landscape as a whole.
