India’s offshore technology and Global Capability Centre (GCC) ecosystem is witnessing accelerated growth, with revenues projected to reach $98.4 billion in FY26, nearly matching levels earlier forecast for 2030. The latest report by NASSCOM and Zinnov highlights how global enterprises are rapidly expanding their India-based operations to navigate rising costs and geopolitical uncertainties.

Key Highlights

• India’s GCC revenue reaches $98.4 billion in FY26, surpassing earlier 2030 projections significantly.
• Global firms expand high-value AI, R&D work in India amid rising costs and geopolitical shifts.

India’s outsourcing landscape has evolved significantly beyond traditional back-office functions. Leading global corporations such as JPMorgan Chase, McDonald's, and NVIDIA are increasingly leveraging GCCs in India to support core business operations, including software development, financial services, and research & development.

The report notes that India’s strong talent pool, particularly its AI-ready workforce, combined with scalable operating models and favourable policy support, has enabled companies to expand high-value functions at an accelerated pace.

Drivers of Rapid Expansion

The surge in GCC growth is being driven by multiple global factors, including rising US visa costs, inflation linked to geopolitical tensions, and rapid advancements in artificial intelligence. These dynamics are prompting multinational corporations to relocate strategic and AI-driven work to India while bringing critical technology capabilities in-house.

Notably, the current revenue projection of $98.4 billion is already close to the $99-$105 billion range previously expected by 2030, underscoring the pace of transformation in the sector.

Rising Investments and Talent Growth

India added or expanded over 100 GCCs in FY26, with companies such as Anthropic, Eli Lilly, FedEx, Marriott International, and Lufthansa strengthening their presence in the country.

According to the report, India is expected to host 2,117 GCCs employing around 2.36 million professionals in FY26—levels close to earlier long-term projections. Additional expansion announcements this year from companies like BASF, eBay, and Revolut further reinforce India’s position as a global technology and innovation hub.

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Industry experts suggest that India’s GCC ecosystem is now transitioning into a strategic innovation engine rather than a cost-arbitrage destination. A senior industry leader associated with the report noted: “Global Capability Centres in India are evolving into innovation hubs, enabling enterprises to co-create value through AI, digital transformation, and advanced engineering capabilities.”

With North American companies continuing to account for nearly two-thirds of new GCC setups, India remains central to global enterprise strategies. As AI adoption accelerates and demand for skilled talent rises, the country’s GCC ecosystem is poised for sustained long-term growth, reshaping its role in the global technology and outsourcing landscape.