The Global Capability Centre ecosystem’s growth is likely to see a gloomy first quarter, with slowdown in new GCC registrations due to uncertainty caused by tariff wars.
Market intelligence firm UnearthInsight predicts a temporary slowdown in registration of GCCs till June, but notes the commitment or year end number is likely to remain at 70 GCC as of now.
The manufacturing and industrial sectors, particularly, might delay their decisions to establish GCCs in India.
In the short term, tariffs may lead to higher production and operational costs, prompting local manufacturers, banks, and mid-market companies to focus on cost optimization.