New Delhi, May 26 (IANS) Emerging cities in India are emerging as the next growth hubs for global capability centres (GCCs), recording a 42 per cent rise in GCC job openings compared to 19 per cent growth in metro cities, driven by improving infrastructure, supportive government policies and the growing role of artificial intelligence (AI), according to a report released on Tuesday.The report, titled Emerging Cities: India’s Next Frontier for GCC Expansion Report 2026, released by ANSR, said Ind…
Latest GCCs News & Updates
New Delhi, May 26 (IANS) India’s artificial intelligence (AI) market is expected to surge more than 50-fold from over $9 billion currently to upwards of $500 billion in the coming decades, positioning the country as a major driver of office demand and workplace transformation in the Asia Pacific region, according to a report released on Tuesday.The report by Colliers India highlighted that AI-enabled workforces, demographic shifts, energy security, climate risks and changing global economic dy…
New Delhi, May 8 (IANS) Transactions for large office spaces of 1 lakh square feet and above continued to dominate India’s commercial office market in Q1 2026, with large deals accounting for 65 per cent of total leasing activity across eight leading cities, a report said on Friday.The report from Knight Frank India said the large office space leasing saw year‑on‑year growth of 3 per cent to 19.5 million sq ft from a base of 19 million sq ft in Q1 2025.Bengaluru continued to maintain its l…
New Delhi, May 6 (IANS) India’s global capability centres (GCCs) are rapidly emerging as the driving force behind artificial intelligence (AI) adoption for global enterprises, transitioning from back-end delivery hubs to strategic nerve centres, a new report said on Wednesday.The data compiled by Nasscom, in collaboration with Zinnov showed that the number of Global Capability Centres (GCCs) in India has grown 32 per cent since FY21, with an estimated 506 of the Forbes Global 2000 companies no…
New Delhi, April 20 (IANS) Indian employees are offered 1.5-times to 2.5-times salary premiums in banking, financial services and insurance (BFSI) GCCs as they are grappling with a 42 per cent skill gap in AI and data roles, a report said on Monday.Replacement hiring showed a huge surge and it accounted for 40 per cent of all recruitment activity in India’s Global Capability Centre ecosystem, the report from workforce solutions firm Quess Corp said.The rise in replacement hiring was driven by …
New Delhi, April 20 (IANS) Despite a slowdown in new completions, office absorption increased by 20 per cent to 21.53 million square feet in Q1 2026 (January-March quarter) compared to the same period last year, highlighting sustained occupier demand amid the West Asia conflict and global macroeconomic challenges, a report showed on Monday.This resilient growth was propelled by India’s attractiveness among global occupiers seeking operational efficiency and scalable growth, according to a Vest…
New Delhi, April 17 (IANS) India is rapidly emerging as a global nerve centre for artificial intelligence (AI) in the retail and consumer packaged goods (CPG) sectors, driven by the growing scale and strategic evolution of Global Capability Centres (GCCs), according to a report.As per the analysis of DS Stream, the nation currently hosts over 1,800 GCCs employing nearly 2 million technology professionals, with more than 70 per cent of these centres actively investing in AI-led capabilities acros…
New Delhi, April 17 (IANS) India’s Global Capability Centre ecosystem posted a 12–14 per cent quarter‑on‑quarter growth in hiring in Q4 FY26, marking a shift from selective optimisation in Q3 to a broader recovery‑led expansion, a report said on Friday.The report from workforce solutions firm Quess Corp noted a huge rise in replacement hiring which now accounted for 40 per cent of all recruitment activity. The rise in replacement hiring was driven by shorter tenure expectations among G…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
New Delhi, April 13 (IANS) The office leasing market in India witnessed a 10 per cent year-on-year (YoY) growth to 21.6 million sq ft in the first quarter of 2026, marking the strongest leasing activity in the past five years, according to a report released on Monday.According to the Savills India report, in terms of supply, the activity declined by 28 per cent year-on-year to 7.9 million sq ft, while the overall vacancy rate eased to 13.9 per cent during the same period, supported by steady lea…