India's GCC sector set to hit $150 bn by 2030 as multinationals expand beyond Bengaluru

The Global Capability Centres (GCCs) boom in India is projected to grow the sector to about $150 billion by 2030. The Finance Ministry estimates current GCCs contribute $65‑70 billion in gross value addition, a figure that could roughly double within five years.

Multinational firms are no longer limited to Bengaluru for back‑office work. As one report notes, “they are, increasingly, where global companies actually build things: risk models for international banks, chip design for semiconductor firms, AI platforms for consumer‑tech giants, and the software that runs supply chains from Ohio to Rotterdam.” Companies are now locating AI centres, risk‑function hubs and R&D units across a differentiated menu of Indian states.

State competition is intensifying. Gujarat’s GIFT City offers tax advantages for fintech and risk capabilities, Karnataka provides depth in engineering and product design, Telangana blends pharma and BFSI talent, while Uttar Pradesh’s tier‑II cities attract firms seeking cost‑efficient, moderate‑complexity work. This expanding choice gives Western multinationals a broader strategic landscape within India.