India’s Global Capability Centre (GCC) ecosystem is set for another phase of rapid expansion, with the country expected to host more than 2,400 GCCs by 2030, employing over 2.8 million professionals, according to a joint report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and real estate consultancy ANAROCK. The report underscores how GCCs are not only generating large-scale employment but also reshaping India’s commercial office real estate market through sustained leasing demand.
Strong Growth Momentum in GCC Ecosystem
The study, titled Workplaces 2025: India Commercial Real Estate Reimagined, was unveiled at the 3rd FICCI Commercial Real Estate Conclave in Bengaluru.
It reveals that by the end of 2024:
*India housed over 1,700 GCCs
*These centres employed more than 1.9 million people
*The market was valued at $64 billion
Notably, the sector has more than doubled in value over five years. “India’s GCC market has expanded significantly, growing from $30 billion in 2019 to around $64 billion in 2024,” said Anuj Puri, Chairman, ANAROCK Group.
Key Sectors Driving Demand
Importantly, multiple high-growth industries continue to fuel GCC expansion. These include:
*Information Technology (IT) and IT-enabled Services (ITeS)
*Banking, Financial Services and Insurance (BFSI)
*Healthcare and life sciences
*Engineering and R&D
As global companies increasingly centralise innovation, analytics, and digital operations in India, demand for Grade A office spaces has surged.
GCCs Power Office Leasing Across India
The report highlights GCCs as the largest contributors to office space absorption in the country.
In 2025 alone:
*Total gross office leasing reached 80.5 million sq. ft.
8GCCs accounted for over 32.5 million sq. ft.
This represented more than 40% of total leasing activity. Consequently, GCCs have become a primary driver of India’s commercial real estate growth.
Bengaluru Leads, Tier-Two Cities Gain Ground
City-wise, Bengaluru continues to dominate India’s GCC landscape.
*Bengaluru: 875+ centres, nearly 29% share
*Pune: 15% share
*Delhi-NCR: 14%
*Hyderabad: 14%
However, the expansion is no longer limited to metro hubs. Companies are increasingly exploring tier-two cities such as Jaipur, Indore, Kochi, Surat, and Coimbatore, attracted by lower costs, skilled talent pools, and improving infrastructure.
Market to Cross $100 Billion by 2030
Looking ahead, the sector’s outlook remains robust. “The Indian GCC market is projected to reach $105–110 billion by 2030, growing at a compound annual growth rate (CAGR) of 10%,” Puri noted.
He attributed this growth to:
*Cost efficiency
*A deep skilled workforce
*Strong digital capabilities
*Ability to attract global talent
Together, these advantages continue to position India as the preferred global hub for capability centres.
Outlook
As reported by thehindubusinessline.com, with rising global outsourcing, digital transformation mandates, and expanding talent availability, India’s GCC sector is poised to remain a major employment generator and commercial real estate catalyst over the next decade. As new cities emerge and investments deepen, GCCs are expected to play an even bigger role in shaping India’s economic and urban growth story.
