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GCCs in India to Lead Innovation and Shape Global Business Trends: Report


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ion-and-shape-global-business-trends-report.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  The country currently has over 1,700 GCC enterprises employing over 2 million professionals and is at a pivotal point in their development in transforming into strategic hubs, according to a report titled 'Pioneering Innovation In Global Capability Centers' by Avasant.

The article from MSN discusses how Global Capability Centers (GCCs) in India are becoming pivotal in driving innovation and influencing global business trends. According to a report by ANSR and Zinnov, GCCs are not just cost-saving entities anymore but are evolving into strategic hubs for innovation, digital transformation, and advanced technology development. These centers are now focusing on areas like AI, machine learning, and cybersecurity, contributing significantly to their parent companies' global strategies. The report highlights that India hosts over 1,580 GCCs, which are increasingly involved in high-value activities such as product development, R&D, and analytics. This shift is supported by India's large pool of skilled talent, favorable business environment, and the strategic intent of multinational corporations to leverage India's capabilities for global competitiveness. The article also notes that GCCs are expected to continue growing, with projections suggesting that by 2025, there could be over 2,000 GCCs in India, further solidifying the country's role in shaping international business practices.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/executive-leadership-and-management/gccs-in-india-to-lead-innovation-and-shape-global-business-trends-report/ar-AA1vNwKR ]

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