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GCCs and Indian IT Spell Convergence, Not Competition
- India's tech ecosystem has seen growth in global capability centres (GCCs) impacting competition between MNCs and Indian IT firms.
- GCCs pose challenges in resource-intensive technology center development but do not threaten Indian IT.
- GCCs build on IT services foundation, enhancing focus on ownership and business strategies.
- Collaboration between GCCs and Indian IT is growing, with 85% of GCCs in India working with IT service providers.
- GCCs are projected to reach $100 billion by 2030, contributing significantly to India's tech sector growth.
- Talent movement towards GCCs raises concerns, but it also drives upskilling and talent pool expansion.
- GCCs hiring aggressively reshapes talent competition, emphasizing the need for upskilling and adapting to AI-driven changes.
- The trend has shifted from movement between IT services firms and GCCs to increased competition within the GCC ecosystem.
- GCCs and IT services firms are converging capabilities for innovation and high-end delivery, positioning India as a global digital transformation hub.
- The focus is on collaboration rather than competition between GCCs and IT services firms for sustainable growth.
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