India to add over 300 new GCCs in two years, market to grow to $60 billion: Report

India will be home to around 320 new global capability centres (GCCs) by the fiscal year ending 2025 as several multinational corporations (MNCs) opt to establish their first global centre outside of their headquarters in the country.

The Indian GCC ecosystem has become a sandbox for global companies driving organisation-wide transformation initiatives, said the biennial GCC report released by IT industry body Nasscom and tech research firm Zinnov in Bengaluru on Thursday.

The “GCC 4.0 – India redefining the globalization blueprint” report also said the market size is anticipated to jump over 33% to $60 billion in the next two years.