New Delhi, Nov 25 (IANS) India’s Global Capability Centre (GCC) ecosystem is entering its most competitive phase, with rising attrition, aggressive GCC‑to‑GCC hiring and premium salary spikes for AI and machine‑learning skills, a report said on Tuesday.
India delivers 40 per cent lower operational costs for GCCs compared to Europe, with emerging hubs in tier 2,3 cities such as Coimbatore, Jaipur, Kochi, Ahmedabad, Lucknow, and Chandigarh.
The whitepaper from SPAG FINN Partners said that India hosts over 1,700 GCCs and 2,975 centres that generate $64.9 billion and employ 1.9 million people, with revenues projected to reach $100 billion by 2030.
Attrition across GCCs stood at 15–20 per cent and is higher in AI, ML and digital transformation roles, while 60 per cent of hiring now comes from other GCCs, the paper found.
Niche tech talent commands 30–50 per cent salary premiums, driven by intense demand, it said. Despite this pressure, India remains advantaged with 5.4 million technology professionals and a powerful demographic edge, with 65 per cent of its population under 35.
With 5.4 million tech professionals and a 92 per cent AI adoption rate, India continues to offer one of the world’s deepest and most future-ready talent pools, according to the paper.
Nearly 90 per cent of GCCs in India now operate as multi‑functional hubs, with half advancing into full transformation and portfolio centres.
Engineering and Research & Development (ER&D)‑focused GCCs are expanding 1.3 times faster than the overall market.
The whitepaper warned that India is facing three challenges internal poaching, salary spikes and poor PR. AI talent demand is outpacing supply, pushing salary premiums up by 30–50 per cent for specialised roles, it said.
Only 25–30 per cent of GCCs have hired PR or communications partners to build leadership narratives and employer brands, despite intense competition for talent.
–IANS
aar/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
