India’s GCCs move from back office to global innovation hubs

New Delhi: More than 1,760 Global Capability Centres (GCCs) in India are no longer the back-office engines of the world, but are fast becoming the frontlines of enterprise transformation, a Nasscom report said on Monday.

Employing nearly 1.9 million professionals, GCCs in the country power the digital backbone of almost half of the Fortune 500. Nearly 70 per cent of all new GCCs set up across Asia are choosing India not just for its talent density, but for its growing ecosystem of deep-tech capability, service-provider partnerships, and design-led thinking, according to the report by Nasscom, developed with Oliver Wyman and R Systems.