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Gross value addition from GCCs could rise more than 3 times in next 5 years, hopes Sitharaman

  • Finance Minister Sitharaman addressed a GCC summit, stating that the number of GCCs being set up has increased significantly.
  • GCCs in India employ 2.16 million professionals and contribute $68 billion as direct gross value addition to the national GDP.
  • The gross value addition from GCCs in India is expected to potentially reach between $150 billion and $200 billion by 2030.
  • India's GCC sector has shown growth in high-value-added work and is cost-effective compared to other countries, highlighting the country's talent pool in STEM fields.

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