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GCC’s share in GDP to double by 2030 with a size of $100 billion

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The share of global capability centres (GCCs) in India’s GDP is expected to double to 2% by 2030, according to a note shared by ICICI Securities. These offshore units of multinational companies collectively generate about $46 billion in revenue, which is likely to touch $100 billion by FY30. The GCC sector grew by 11% between 2015 and 2023. The scaling up of GCCs in India is impacted by global headwinds affecting parent companies.

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