Inductus Study: 120+ Mid-Sized GCCs to Create 40,000 Jobs by 2026
A new report by Inductus GCC has revealed that mid-sized Global Capability Centers (GCCs) in India are experiencing rapid growth, outpacing the broader GCC market with a compound annual growth rate (CAGR) of 6.2 per cent, compared to the market's average of 4.5 per cent. The report, titled Mid-Sized Global Corporations Establishing GCCs in India: Navigating Uncertainties with Confidence, highlights the growing role of smaller-scale centers with 200 to 1,000 employees as global companies seek specialized expertise and greater operational flexibility.
The study indicates that over 120 new mid-market GCCs are expected to open in India by 2026, building on the more than 800 existing centers already employing around 220,000 professionals. The mid-sized sector is poised for a 15-20 per cent revenue growth between 2024 and 2026, underscoring the increasing importance of these centers to global companies. Notably, 65 per cent of mid-sized firms intend to ramp up their investments in these operations over the next two years, seeing them as key to driving innovation.
Alouk Kumar, Founder and CEO of Inductus, commented on the findings: "Mid-sized GCCs have transformed from being cost-saving hubs to pivotal centers of innovation. Our research shows that many companies now find immense value in these smaller, more flexible operations, which offer the agility needed to quickly adapt to market demands while maintaining specialized expertise. These centers bridge the gap between boutique operations and larger-scale centers, providing a strategic advantage."
The cost efficiency of these centers is a significant factor in their growth. Companies report saving 30-40 per cent in operational costs by setting up in India, compared to other global locations. These savings are being reinvested in innovation and other strategic initiatives. As of 2024, mid-market GCCs account for nearly 50 per cent of India's GCC ecosystem, a clear sign of their expanding influence.
The Delhi-NCR region, especially Noida and Greater Noida, has become a hotbed for these centers, driving local economic growth through job creation, infrastructure expansion, and the development of ancillary services. Additionally, the trend of setting up in tier-2 and tier-3 cities is contributing to regional economic development and creating employment opportunities outside major metropolitan areas.
The survey also reveals high adoption of transformative technologies by mid-sized GCCs. Artificial Intelligence (AI) and Machine Learning (ML) are increasingly being used for automation and predictive analytics. Over 70 per cent of these centers have adopted Cloud Computing, which supports scalability and remote work capabilities. The implementation of enhanced cybersecurity measures is also a key focus, along with the growing use of the Internet of Things (IoT) in specific sectors.
Inductus remains at the forefront of providing actionable insights into the GCC sector, leveraging its extensive research capabilities and experience in the global operations landscape. The company continues to support businesses seeking to navigate the evolving dynamics of global capabilities and innovation strategies.
Key Takeaways:
- Mid-sized GCCs in India are growing at a rate of 6.2 per cent CAGR, exceeding the overall market's 4.5 per cent growth.
- Over 120 new mid-market GCCs are expected to open in India by 2026.
- These centers are key to innovation and cost efficiency for global companies.
- Delhi-NCR and emerging tier-2 and tier-3 cities are becoming prime locations for GCCs.
- Transformative technologies like AI, ML, and Cloud Computing are being widely adopted.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
9 hours ago
- Hindustan Times
Artificial Intelligence: Human advantage, not replacement
Like many of you, when I first heard the whispers about Artificial Intelligence (AI) and job displacement, a knot formed in my stomach. The headlines were alarming, filled with dystopian predictions of machines taking over. As someone building a company at the forefront of AI, even I had moments of quiet concern. But the deeper I delved, the more I realised something profound: AI isn't the antagonist in this story. It's a powerful new tool, and our relationship with it will define the next chapter of work. My conviction now is this: AI won't take your job. A person who knows how to leverage AI might. It's a subtle but crucial distinction that I believe we're not discussing enough. Cast your mind back a few decades. The introduction of personal computers, then the internet, and later smartphones – each sparked similar anxieties. Yet, what happened? New industries bloomed, new job titles emerged, and human productivity soared. We adapted, integrated these technologies, and ultimately, reshaped the world of work for the better. AI stands at a similar inflection point. Think of AI not as a competitor, but as an advanced collaborator. It's like the most sophisticated spreadsheet you've ever seen, or a super-efficient research assistant. A hammer doesn't build a house; a builder uses a hammer to build a house. Similarly, AI won't write a novel; a writer will use AI to brainstorm, research, or refine. Its strength lies in handling repetitive tasks, processing vast amounts of data, and identifying patterns – freeing us to focus on what humans do best: creativity, critical thinking, emotional intelligence, and complex problem-solving. The real challenge, then, isn't about AI replacing us, but about our collective willingness to learn, adapt, and grow alongside these technologies. The future workforce won't be defined by those who fear AI, but by those who understand it and can harness its power. This isn't solely about learning to code or understanding algorithms, though those skills are certainly valuable. It's equally, if not more, about refining our uniquely human aptitudes. Creativity, empathy, ethical reasoning, strategic foresight – these are areas where human intelligence remains unparalleled. AI can analyse data trends, but it takes a human to interpret those trends, understand their ethical implications, and chart a compassionate course for the future. One of the most exciting aspects of AI, particularly in a diverse country like India, is its potential to foster greater inclusivity in hiring. Traditional recruitment often carries inherent biases, inadvertently limiting opportunities for talented individuals from underrepresented backgrounds or Tier-2 and Tier-3 cities. When deployed thoughtfully, AI can strip away these biases, focusing purely on skills and merit. This is why VolkAI emphasises ATS-friendly resume building and skill-based job matching. It allows talent to shine regardless of their postcode or network, truly democratising access to global opportunities. However, this opportunity hinges on familiarity. If you don't understand how AI is shaping the hiring process, or how to leverage AI-powered tools to present your best self, you risk being left behind. Just as we learned to navigate the internet or use a smartphone, we must now engage with the AI revolution. So, here's my stand: AI isn't the enemy; ignorance is. If we let fear paralyse us, if we refuse to engage with this transformative technology, then we are indeed our own biggest obstacle. The future of work isn't about competing against machines. It's about learning to collaborate with them. The question isn't, "Will AI take my job?" It's, 'How can I make AI amplify my job, my skills, and my career?' The answer is surprisingly straightforward: learn it, embrace it, and make it work for you. The individuals who will truly thrive in this next wave of innovation are those who actively seek to understand and leverage AI. If you're willing to learn and adapt, AI won't just keep your job safe – it will help you forge a more fulfilling and impactful career. As we journey further into this AI era, let's shift our perspective from apprehension to aspiration. AI won't take your job; a smarter you, empowered by AI, will simply create a better one. This article is authored by Santosh Kushwaha, Founder & CEO, VolkAI.
Time of India
10 hours ago
- Time of India
It's a first! Infosys launches cash reward policy for employees who help with hiring; staff to earn Rs 700 per interview
The scheme awards 700 points (Rs 700) for each interview conducted. (AI image) Infosys , India's second-largest software company, has launched a new initiative offering cash rewards to senior staff members who participate in lateral recruitment interviews, aiming to enhance staff engagement. The Bengaluru-based IT firm has introduced this incentive-driven scheme for the first time. The cash benefits are restricted to recruitment within India. This initiative recognises staff contribution to the interview process during a period when the IT industry is prioritising lateral recruitment over campus placements. A staff member indicated that this initiative aims to motivate team managers and mid-level leadership to acquire external talent and encourage employees to connect with high-calibre candidates. The scheme awards 700 points (Rs 700) for each interview conducted. Staff members can claim rewards for interviews dating back to January 1, as the programme is being implemented with retrospective effect, according to sources who spoke to ET. At the organisation, technical professionals including track leads, architects and project managers at job levels 5 and 6 (JL5 & JL6) regularly conduct 2-3 rounds of interviews with candidates selected by the talent acquisition team for lateral recruitment, before proceeding to the HR stage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo Also Read | Infosys staff gets bonus letters; most employees get just 50% payout, some receive 70% Under Salil Parekh's leadership, Infosys organises recruitment sessions during weekends, attracting numerous applicants. During these events, staff members can conduct 10-15 interviews daily, evaluating candidates' proficiency in software technologies including Python, Java, Machine Learning, DevOps, and others. The monetary incentive serves to boost interview participation. The organisation has not included HR personnel, talent acquisition staff, contractors and senior leadership positions from participating in the incentive scheme. The reward cannot be claimed for cancelled interviews or when candidates fail to appear. The $280 billion software services industry faces a scarcity of skilled professionals, particularly in AI, whilst dealing with growth challenges caused by declining global demand and trade conflicts in primary markets. The initiative was introduced to address concerns among employees who received modest salary increases of 5-8% for FY24, coupled with reduced performance bonuses for the March quarter. "Earlier, we did not get any such cash incentive for interviews done. In fact, the company gave us compensatory leaves for the interviews conducted at the campus over the weekends," the employee said. Although this practice isn't widespread, several prominent and medium-sized technology organisations, including Honeywell, Accenture and Sonata Software, provide monetary and non-monetary benefits to motivate staff participation in interview panels, ensuring the recruitment of top industry talent. Also Read | Apple's biggest contract manufacturer Foxconn readies 300-acre iPhone making campus in India with dorms for 30,000 employees Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
10 hours ago
- Time of India
Andhra Pradesh and Nvidia sign MoU to advance growth of AI ecosystem
Andhra Pradesh has signed a Memorandum of Understanding (MoU) with American Technology company, Nvidia Corp to advance growth of the Artificial Intelligence (AI) ecosystem in the state, said Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday. As part of the MoU signed between both the sides, the tech giant will privide support to the state in preparing curriculum and training over next two years. In a post on X, Andhra Pradesh CM N Chandrababu Naidu said, "Andhra Pradesh is welcoming bold initiatives to lead India's AI revolution. Under the leadership of Hon'ble IT Minister @naralokesh Garu, we have entered into an MoU with @nvidia to build a strong and inclusive AI ecosystem in the state." "With support from NVIDIA for curriculum and training, 10,000 engineering students will receive skill training over the next two years, while 500 AI startups from AP will gain access to its Inception Program for global exposure and key resources," CM added. CM Naidu further added that plans are underway to establish India's first AI University in collaboration with NVIDIA to shape the infrastructure and research capabilities. Live Events "From education and skilling to research and innovation, this initiative is laying the foundation for a Swarna Andhra Pradesh," he added. Andhra Pradesh is actively working towards developing the state's AI ecosystem. The state government has announced the development of India's first Quantum Computing Village. The 50-acre facility in Amaravati, which the state government previously announced, is envisioned as a pioneering ecosystem for quantum computing research and collaboration. The facility is envisioned as a collaborative ecosystem where institutions and companies can access and share advanced quantum computing resources. It will also include a dedicated on-site data centre to support high-performance computing needs. IBM and TCS will jointly finalise the infrastructure specifications, with the initial setup set to host the IBM Quantum System Two.
