
India now hosts over half the world's GCCs, led by Bengaluru
Mumbai has 207 centres, Pune 178, and Chennai 162. Together, these six cities account for 94% of all GCCs in India.Yet Vestian's report highlights a growing shift. With the Union Budget 2025 proposing a national framework to support GCC growth in Tier-2 cities, global companies are beginning to look beyond traditional metros.Ahmedabad, Kochi, Coimbatore, Indore, Mohali, Bhubaneswar, and Madurai are among the emerging hubs drawing attention. As infrastructure improves and state governments offer competitive incentives, these cities are expected to absorb a significant share of the 150 new GCCs projected to be established each year. Vestian estimates that India will house over 2,100 GCCs by FY 2028, growing at a compound annual rate of 8%.While IT and ITeS companies still dominate—making up 49% of all GCCs—other sectors are steadily expanding their footprint. The BFSI (Banking, Financial Services and Insurance) sector accounts for 17%, while healthcare, manufacturing, telecom, and consulting together contribute another 19%. This diversification marks a shift in how GCCs are being used, with many now driving core innovation and business strategy.'India's leading office markets continue to offer a compelling value proposition to GCCs, characterised by competitive costs, a highly skilled workforce, robust infrastructure, progressive policy incentives, and a conducive business environment,' said Shrinivas Rao, FRICS, CEO of Vestian. 'However, selecting the right location remains critical to the long-term success of any GCC.'Vestian's GCC Market Entry Index has been designed to support companies in making those choices, helping them align location strategy with sector-specific business needs.India's growing dominance in the GCC space isn't just a numbers game. As global firms chase efficiency and talent across geographies, the country's urban map is beginning to redraw itself.advertisementWith the right policy push and infrastructure momentum, the next phase of GCC expansion could belong as much to Bhubaneswar and Coimbatore as it has to Bengaluru and Hyderabad.- Ends
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Time of India
5 hours ago
- Time of India
Kuwait introduces new airport rule: Declare cash, gold, jewellery over KWD 3,000 or face penalties
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The Hindu
6 hours ago
- The Hindu
KGiSL SEZ registers 25 % growth in exports last fiscal
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India Today
8 hours ago
- India Today
No hiring in India: Could Trump's new push disrupt tech jobs?
Donald Trump has called on Google, Apple, and other US tech giants to stop hiring in India and prioritise Americans instead. The statement, though not yet a policy, has triggered concern across India's white-collar job sector, especially among engineering and management graduates aiming for roles in global tech enforced, the impact could be sharp: from IIT placement trends to mid-level tech hiring, from GCC operations to India's growing dependence on global companies for high-skilled and Wisdom Hatch Founder Akshat Shrivastava said on X that the chances for Indian jobseekers are LET'S UNDERSTAND HOW THE HIRING WORKS American tech companies don't just hire from India. Some also build in India, including the Google, Apple, and Microsoft, all have large operations here, often in the form of Global Capability Centres (GCCs).These giants maintain a presence in India where professionals are at the task of building products, writing code, testing machines, overseeing global employs around 10,000 people in India. Microsoft has over 18,000 employees here. These are for operations across the has around 5,000 direct employees in India, and thousands more in its supplier network and development of these jobs are not for call centres or support. The core development roles, white-collar positions, are in play that attract graduates from IITs, NITs, IIITs, and even Tier-2 colleges.A pronounced number of these roles are built for India but are part of global projects. And yes, some top-tier students are hired directly to go to the US exactly the pipe Trump wants to close."There's no denying that companies like Google and Apple have long symbolised the 'dream job' for many Indian students, and rightfully so. Indian talent has been a major contributor to the global tech revolution, not just as employees but as leaders," says Neelakantha Bhanu, Founder and CEO of Bhanzu, and title holder of 'World's Fastest Human Calculator'."However, if such hiring freezes become a reality, it will be a wake-up call, not in fear, but in perspective," he says."The world is changing, and so are opportunities. India today is not just a source of talent, but a builder of global products," Bhanu adds. WHAT HAPPENS TO IIT AND IIM PLACEMENTS?Every December, the buzz begins: placement season. But behind the success stories, there's a truth not often told -- many students don't land dream IITians, despite the brand tag, end up in jobs that pay Rs 8-10 lakh per annum or less. Not because they aren't brilliant. But because not everyone gets picked by Google, Microsoft, or a US -- based startup with a fancy from IITs from 2023-2024 show that even in top IITs, 20-25% of students were still unplaced at the end of the obtained through RTI requests filed by IIT Kanpur alumnus Dheeraj Singh shows that nearly 8,000 students, around 38% across 23 IITs, remain unplaced in the year IIMs, especially the older ones, place most students in India-based roles, consulting, banking, and management BIG PICTURE: INDIA'S WHITE-COLLAR WALL COULD CRACKTrump's statement comes at a time when India is producing more engineers than it can absorb. Private colleges, deemed universities, and even Tier-1 institutes are churning out thousands of tech graduates each year. But demand has 51.25% of graduates amongst the graduates in India are considered employable, highlighting persistent gaps in vocational training and skill development, as per the Economic Survey turns out nearly 15 lakh engineering graduates each year, yet only 10-15% among them find employment, as noted in a report by has kept things afloat over the past decade is the globalisation of Indian tech talent. US -- Mbased hiring, remote work, global team integration, and GCC expansion have created a top 10% of tech graduates, those who would go abroad or work on US -- facing roles from India, may have to compete in a shrinking domestic market. And this creates a domino effect down the ladder."If US tech companies stop hiring from India, it'll cost them more than us. India has long been their strongest talent pool, from engineers to CEOs. Some students may miss out on overseas roles, but fewer than 2% of IIT graduates go abroad now," says Nishant Chandra, Co-founder, Newton School."Most choose to stay and lead from India. This shift could actually benefit us by putting focus on skills over pedigree," he SMALLER STARTUPS FOLLOW SUIT?Possibly. If the bigger players hit pause, mid-sized companies may rethink their hiring plans too, especially those who build for US clients or rely on US venture capital. And in India's startup ecosystem, perception drives could delay hiring cycles, reduce internship opportunities, and force more candidates to settle for lower Group Founder Ankur Agarwal, a top executive search firm, sums it up: 'These Trump rules, if enforced strictly, will definitely impact placements in IITs as the top US companies recruit quite a bit from these campuses for their US -- based tech development. IIMs are usually used to hire for India roles only, so they will not be impacted.""The real impact will be felt by the GCCs, though, which have become an important recruiter for top quartile tech talent. However, the actual impact will depend on how strictly companies comply with this directive and whether it becomes formal policy, as the US still faces significant tech talent shortages that make complete elimination of overseas hiring challenging," he NEXT?Nobody knows if Trump's statement will become law. But it's already a signal."Our institutions, our ecosystems, and our ambitions are ready. And as someone who chose to stay and build here, I can say that there's never been a more exciting time to be in India. We're not just producing global talent anymore. We're producing global solutions," says time to prepare is now, not just with coding skills, but with adaptability, global exposure, and maybe even a Plan B that doesn't rely on a Silicon Valley zip code.- Ends advertisement