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Government eyes strategic growth for India's Global Capability Centers

  • Anuradha Sharma highlighted key policy imperatives for India's Global Capability Centers (GCC) at a CII summit, stressing collaborative efforts between government and industry for growth.
  • India has evolved into a major GCC destination, transitioning from BPO to diverse services like product development and engineering, contributing 1.8% to India's total gross value added.
  • India's talent pool of approximately 2.1 million STEM graduates annually, with over 35% women participation and a median age of 28, provides fertile ground for GCC expansion.
  • Challenges in GCC participation in national programs, the need for specialised skills development in emerging technologies, and expanding beyond major centres to tier-2 cities were highlighted by Sharma.

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