India, currently hosting over 1,600 GCCs employing 1.66 million professionals, is projected to welcome 800 new GCCs in the next 5-6 years, further cementing the country's role as a global tech hub.
A trend identified in the report is the rise of GCCs in tier-II cities like Kolkata, Ahmedabad, and Vadodara, signalling a geographical diversification of tech opportunities across the country.
In the IT Products & Services sector, cloud investment is set to grow by 25-30 per cent over the next five years. This sector is expected to contribute 8 per cent to India's GDP by 2026 and create 14 million jobs, underscoring its economic impact.
Over 70 per cent of companies in Telecom, Media and Entertainment, BFSI, and Energy and Utilities sectors are dedicating more than 20 per cent of their technology budgets to digital advancements. As these sectors increasingly integrate technology into their operations, the tech talent pool is expected to expand at a CAGR of 7.86 per cent, growing from 7.65 lakh in FY22 to 11.15 lakh by FY27.
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