GCCs in India Outpace IT Sector with Higher Salaries

A report by TeamLease Digital reveals that Global Capability Centres (GCCs) in India offer up to 20% higher salaries compared to IT services, especially at entry and mid levels. The country has over 1,600 GCCs employing 1.66 million professionals and is expected to welcome 800 new GCCs in the next 5-6 years.

A recent report by TeamLease Digital reveals that Global Capability Centres (GCCs) in India are offering salaries up to 20% higher than those in IT services, particularly at entry and mid levels.

The report highlights that India houses more than 1,600 GCCs, employing about 1.66 million professionals, with 800 new centres anticipated in the next 5-6 years. This trend underscores India's growing status as a global tech hub.

GCCs, established by multinational companies, centralize specific business functions to take advantage of cost efficiencies, skilled labor, and favourable business environments. As they expand, these centres are becoming a dominant force in the talent market, thereby reshaping market dynamics.

(With inputs from agencies.)