Tier-2, 3 cities make a small dent in Bengaluru’s GCC growth story

Even as Bengaluru continues to be the hub of global capabilities centres (GCCs) in India, it has seen a 4.4 percentage point fall in its share of GCC units over the past five financial years, according to an analysis by ET.

While the number of GCC units in Bengaluru increased 41% to around 875 in 2023-24 from about 620 in 2018-19, the city’s share fell to 29.4% from 33.8% during this period.

Bengaluru saw slower growth than the rest of the country, with the total number of GCC units across the country increasing 62.5% to 2,975 from 1,830 during the five-year period.