GCCs upending India’s technology landscape: Economic Survey 2025

Global Capability Centres (GCCs) are altering India’s technology landscape as they evolve into strategic hubs within the country’s corporate ecosystem, the Economic Survey Report 2025 said.

The number of GCCs in India has increased exponentially to more than 1,700 in FY24, up from 1,430 in FY19. Companies across various verticals, including banking, financial services and insurance (BFSI), retail, healthcare, aerospace, manufacturing, and automotive, have rushed to set up their technology centres in India due to the availability of a highly skilled workforce.