India sees growth in mid-market global capability centres. Over 140 new GCCs emerged in the last 30 months. These centres plan to create 70,000 jobs. Many mid-sized global firms are setting up these GCCs. Bengaluru, Hyderabad, and Pune are popular locations. Experts predict over 120 new mid-market GCCs by 2026. These centres are expanding beyond just technology.
In contrast, the global outlook remains subdued amid rising trade tensions, policy uncertainty, and a decline in cross-border investments.
Analysts expect the consolidation phase to continue due to lack of global cues
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