India could host over 2,400 Global Capability Centres (GCCs) by 2030, employing 2.8 million professionals, as per the FICCI–Anarock report. The GCC market is projected to reach USD 105–110 billion, driven by IT, BFSI, healthcare, and ER&D, with expansion accelerating into Tier-2 cities.
India’s Global Capability Centre (GCC) ecosystem is set for a major leap over the next few years. According to a new report by FICCI and Anarock, the number of GCCs in the country is expected to rise to around 2,400 by 2030, while the market size could grow to USD 105–110 billion.
The report, titled Workplaces 2025: India Commercial Real Estate Reimagined, was released at an event in Bengaluru and signals strong confidence in India’s ability to remain a preferred offshore hub for global enterprises. As the report notes, “India is poised to host more than 2,400 GCCs by 2030, employing over 2.8 million professionals.”
By comparison, India had over 1,700 GCCs by the end of 2024, showing how quickly this segment is expanding.
From USD 30 Billion to USD 64 Billion—and Growing
Anarock Chairman Anuj Puri highlighted the pace of evolution in the sector over the past few years. “By 2024-end, India hosted over 1,700 GCCs, employing more than 1.9 million professionals,” he said.
He also pointed to the sharp rise in market value, stating that India’s GCC landscape has grown from USD 30 billion in 2019 to USD 64 billion in 2024. This jump is not being driven by a single sector. Instead, the momentum is coming from multiple high-demand industries, including IT/ITeS, BFSI, healthcare and life sciences, and engineering research & development (ER&D).
Looking ahead, Puri added, “This momentum is expected to continue. The Indian GCC market is projected to reach a market size of USD 105-110 billion by 2030, growing at a CAGR of 10 per cent.”
Tier-2 Cities Are Becoming GCC-Ready
A key takeaway from the report is the growing shift beyond India’s top office markets. While Bengaluru, Mumbai, and Delhi-NCR continue to anchor GCC growth, the footprint is expanding steadily into Tier-2 cities such as Jaipur, Indore, Surat, Kochi, and Coimbatore.
This reflects a broader trend in occupier strategy, where companies are balancing talent access with cost efficiency and business continuity planning. With improved infrastructure and higher-quality Grade A supply, Tier-2 markets are increasingly viewed as viable GCC destinations—not just overflow locations.
Office Real Estate Moves From Cost to Strategy
Raj Menda, Chairman of FICCI Committee on Urban Development and Real Estate & Chairman of Supervisory Board, RMZ Corp, described how the role of office real estate is changing in India. “For three decades, India’s office real estate market was largely viewed as a cost line to be managed. Today, it is a strategic lever,” he said.
He added that it now influences where global capital flows, where high-value jobs are created, and where India’s young workforce chooses to build their lives. India’s top seven cities already hold around 800 million sq ft of Grade A office stock, with Bengaluru and Delhi-NCR accounting for nearly half.
Backing this demand story, Menda noted, “Net absorption in 2025 has been over 58 million sq ft, with gross leasing of over 80 million sq ft – adding yet another record-breaking year.”
The Next Wave: Fundamentals, Not Just Scale
Vishal Vijay, CEO of Sattva Group’s GCCBase platform, said the Tier-2 push shows how global capability models are evolving. “As GCCs take on more strategic roles, cost discipline continues to matter, especially for mid-sized companies building their first global footprint,” he said.
He added that these companies are focusing on strong foundations, including “governance, compliance, and operational stability,” making India’s workplace ecosystem more mature, structured, and investment-ready than ever before.
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