India Becomes Global Capability Center Hub for World’s IT Industry
But this moment took 4 decades in the making
The Indian IT industry has come a long since Texas Instruments set up its first outsourced IT software development unit in Bangalore 40 years ago. Today, India is the global capability center (GCC) hub for most Fortune 500 IT firms, with over 1,600 GCCs employing 1.6 million people and generating $60 billion in revenue.
This number is expected to climb to $120 billion by 2030 with an employee base of about 4 million, as the GCC count is expected to grow significantly. In 2025 the GCC units will be about 1900–2000.
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