Key Points
About 74% of the chief information officers (CIO) ranked AI as a top three priority in fiscal year 2024, ANSRs said in its quarterly GCC report...
As businesses aim to leverage India's skilled workforce and favourable economic conditions, this growth trajectory is expected to employ over 4.5 million professionals across 2,400 GCCs, the report said.. Given its unique mix of abundant tech talent, robust startup ecosystem, and continuous government support, India remains the most-preferred destination of choice to set up a GCC, ANSR said...
GCCs are emerging as an attractive option for talent migration amid global economic challenges resulting in reduced salary increments, a funding winter for startups, cost control measures, and layoffs in the product and services sector, ANSR said...
"We are witnessing a transformative shift in the global GCC landscape, with a strong focus on digital capabilities such as AI/ML, analytics, cybersecurity, cloud, etc., driving unprecedented growth," said Vikram Ahuja, cofounder of ANSR and CEO of talent solutions platform Talent500...
Meanwhile, tier-2 cities such as Ahmedabad, Coimbatore, Bhubaneshwar and Vadodara are emerging as non-metro clusters, where leasing volumes for GCCs could increase in the medium term as more companies plan to establish their India capability centres, the report said..
You might be interested in
India’s GCC market to hit $110 bn by 2030, says EY report
08, Jun, 23The GCC industry is also expected to hire around 2.6 million people in India by the end of 2030, the report by consultancy firm EY said.
India will remain fastest-growing economy in FY'24, but significant headwinds emerged from geo-political tensions remain
23, Oct, 23The ministry noted that with a lower trade deficit and a comfortable forex reserves position, India's external account looks robust. Echoing all this, the RBI's forward-looking surveys on manufacturing, consumer confidence, employment and inflation expectations have optimistic findings.
India to grow at average 6.7% per year from FY24 to FY31: S&P Global
03, Aug, 23In FY24, agency expects India to continue to be fastest growing large economy with a GDP growth rate of 6%