Global Capability Centres (GCCs)

Source: Financial Express Context: Global Capability Centres (GCCs) have become a crucial component of India’s economic landscape, contributing over 1% to the nation’s GDP and significantly boosting services exports. In FY24, ‘other business services’ provided by GCCs accounted for 26% of services exports, second only to IT services at 48%. These centres employ around 3.2 …