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Bloomberg Quint

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Image Credit: Bloomberg Quint

GCC Sector To See Slowdown In New Additions Amid Tariff Wars

  • 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.

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