GCC Exports Reveal Faster Relative GrowthKey Metrics for Infographic
On the revenue front, India’s IT sector clocked $254 billion in 2024, while GCCs generated $65 billion, showing faster relative growth. GCCs are no longer mere support hubs but strategic centers driving global innovation. Their increasing market cap and job additions signal a shift toward high-margin, product-driven capabilities rather than traditional IT outsourcing. This transformation reflects India’s evolving position as a global digital economy leader, with policy incentives and a skilled talent pool attracting greater GCC investments. If the trend continues, GCCs could rival IT services in total employment and revenue by the next decade, reshaping India’s macroeconomic and employment landscape.
Source: Nasscom, Zinnov, Quess, Moneycontrol Research
https://www.moneycontrol.com/technology/gccs-outpace-it-in-2024-way-ahead-in-job-addition-market-cap-article-12901002.html
