From $9B (2010) To $116B (2030): India’s GCC Export Surge, 12 Points

India’s GCCs Hit $62B Exports in FY25, 1.9M Jobs & 180M Sq. Ft. Offices

1. The Rise of GCCs in India

• India hosts 1,900+ Global Capability Centres (GCCs) as of 2025.

• Projected to cross 2,400 GCCs by 2030, capturing 55% of the global market.

• Cities leading the charge: Bengaluru, Hyderabad, and Chennai (64% of office leasing in Q1 2025).

2. Financial Impact – Exports & Forex

• Net exports contribution:

  • $9 billion (2010) → $62 billion (FY25).

  • Projected to reach $116 billion by 2030.

• GCC revenues count as services exports, boosting India’s forex reserves.

3. Real Estate Boom

• GCCs have leased 180.9 million sq. ft. over 9 years, driving 40% of India’s office space growth.

• In 2024 alone:

  • 29.4 million sq. ft. leased (37% of all office deals in top 9 cities).

  • Growth of 29% YoY.

• Tier-2 & 3 cities (Jaipur, Coimbatore, Indore, etc.) rising: share grew from 5% (2019) → 7% (2024).

4. Cost Advantage

• Setting up a GCC in India is 25–35% cheaper than Eastern Europe/Asia-Pacific.

• In Tier-2 cities, real estate and infra costs are 20–40% lower than metros.

5. Talent Engine – India’s Edge

• Median age: 28.7 years.

• Global workforce share: 28% of STEM, 23% of software engineers.

• 70% of students aspire for tech jobs.

• Strong AI adoption: Gen Z eager to upskill in AI & data science.

6. Digital & Policy Push

• Digital rails:

  • 95% of banking transactions digital.

  • UPI = 50% of world’s real-time payments.

  • Aadhaar = world’s largest digital ID system.

• Policy advantages:

  • 100% FDI allowed.

  • Export tax exemptions.

  • Strong IP/data protection laws.

7. Jobs & Value Addition

• 1.6M jobs (FY23) → 1.9M (FY24).

• Expected to reach 2.8M by 2030.

• Moving up the value chain:

  • From back-office → AI, cybersecurity, data science, R&D, product engineering.

• GCC jobs often pay more than IT vendor jobs, with faster career growth.

8. Life Sciences GCCs

• 23 of top 50 pharma firms run GCCs in India.

• Focus areas: AI-led drug discovery, digital therapeutics, real-world analytics.

• Examples:

  • Novo Nordisk & Alcon: full-scale global hubs.

  • Merck KGaA: using AI & digital twins to cut R&D timelines.

9. Competition – Global Landscape

• Philippines: GCC market $32.5B (2023) → $67.9B (2032).

• Poland: 400+ GCCs, 350,000 employees; strengths in cybersecurity & finance ops.

• Mexico: 80+ captives in Guadalajara, strong US time-zone advantage.

• Romania: 300+ GCCs, focus on AI, cloud, compliance.

10. The Squeeze on India’s IT Services

• GCCs grew ~40% in FY24, while IT services barely hit 5% growth.

• IT giants struggling:

  • TCS may cut 12,000 jobs.

  • Infosys hired only 210 people last quarter.

  • HCL gave 1–4% hikes to junior employees.

• Multinationals are pulling more work in-house, bypassing outsourcing vendors.

11. Green & ESG Advantage

• India has 43% renewable capacity.

• Among world’s largest green building footprints.

• GCCs in India help MNCs meet ESG & sustainability targets.

12. The Big Question

• GCCs have transformed India from “back office” to global brainpower hub.

• But:

  • Can IT services reinvent themselves fast enough?

  • Or will MNC GCCs quietly dominate, leaving India’s outsourcing giants behind?

⚠️ Disclaimer (The Profit India)

This article is for informational purposes only and is based on publicly available data, industry reports, and expert analysis. The Profit India does not provide investment, legal, or financial advice. Readers are advised to conduct their own research or consult professionals before making any business or investment decisions.