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Indian professionals now account for approximately 10-13 percent of leadership positions within Global Capability Centres (GCCs), illustrating India’s growing influence in international corporate structures, according to a recent Moneycontrol report.
High-Paying Roles
Currently, about 100 Indian chief investment officers and senior vice-presidents are employed in GCCs, earning salaries in the million-dollar range, the report highlights. This number is expected to increase to around 150 by the end of 2024, as noted by ANSR Research and TeamLease Digital.
Expanding Workforce
India’s 1,600 GCCs employ roughly 5,000 Indian professionals in global roles. This figure is projected to reach 30,000 by 2025, according to ANSR Research, which specializes in helping companies establish, manage, and expand GCCs.
Addressing Talent Deficit
“There’s a significant talent deficit in the West, especially in STEM (Science, Technology, Engineering, Mathematics) fields, and India is perfectly positioned to fill this gap. This model has matured and gained acceptance, proving its viability and effectiveness,” said Lalit Ahuja, CEO of ANSR.
Quality of Life and Work
Ahuja emphasized that the traditional allure of the American dream—money, quality of work, and quality of life—is now increasingly available in India. He noted that competitive salaries, high-quality work environments, and cities like Bangalore and Hyderabad offer an excellent quality of life. “The advantages are clear,” Ahuja said, as quoted in the report.
Innovative Contributions
GCCs in India have evolved, focusing on creating and delivering innovative products and services. While US-based GCCs manage ongoing operations, their Indian counterparts are driving future innovations, according to the report.
Recognition of Indian Talent
Krishna Vij, business head of IT staffing at TeamLease Digital, highlighted the growing recognition of Indian talent and leadership on the global stage. In 2023, Indians held around 10 percent of leadership positions in GCCs, up from 8.6 percent in 2022.
This trend is expected to continue, with projections suggesting that the proportion will rise to 12.9 percent by 2025, compared to 11.4 percent in FY24. “The sustained increase can be attributed to India’s strong talent pool, its leadership capabilities, and the strategic importance of GCCs in global business operations,” said Vij.
Economic Impact
The Economic Survey 2024 of India projects that GCCs operated by multinational companies will contribute approximately 3.5 percent to India’s GDP by 2030, with revenues expected to reach around $121 billion. The presence of global leaders in Indian GCCs has surged from just 115 in 2015 to over 5,000, reflecting a broader trend across various business functions.
