Indian professionals have made significant strides in securing leadership positions within global capability centres (GCCs), holding approximately 10-13% of these roles. This reflects India's increasing impact on international corporate frameworks. Currently, about 100 Indian chief investment officers (CIOs) and senior vice presidents (SVPs) are employed in GCCs, earning million-dollar salaries. This number is projected to rise to about 150 by the end of 2024, according to ANSR Research and TeamLease Digital.

Current Employment and Future Projections

India hosts around 1,600 GCCs, employing approximately 5,000 Indian professionals in global roles. This figure is expected to surge to 30,000 by 2025. The Chief Executive at ANSR, Mr. Lalit Ahuja, has highlighted a significant talent deficit in the West, particularly in STEM fields, with India well-positioned to fill this gap. He noted that traditional factors driving individuals to seek the American dream, such as money, quality of work, and quality of life, are increasingly available in India, often to an even greater extent.

Advantages of Working in India

Competitive salaries, high-quality work environments, and cities like Bangalore and Hyderabad offering excellent quality of life underscore these advantages. GCCs have evolved to focus on creating and delivering cutting-edge products and services. Indian GCCs are now at the forefront of future innovations, while their US counterparts continue to manage ongoing operations.

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Rising Leadership Percentage

The Business Head of IT Staffing at TeamLease Digital, Mr. Krishna Vij, stated that the rise in Indian leadership within GCCs, from 8.6% in 2022 to 10% in 2023, is expected to continue, reaching 12.9% by 2025. The sustained increase highlights India's strong talent pool, leadership capabilities, and the strategic importance of GCCs in global business operations.

Economic Contribution and Strategic Importance

According to India’s Economic Survey 2024, GCCs are projected to contribute approximately 3.5% to India’s GDP by 2030, with revenues expected to reach around US$ 121 billion. The presence of global leaders in GCCs in India has surged from just 115 in 2015 to over 5,000, reflecting substantial growth across various business functions.

Addressing the Talent Deficit

Mr. Lalit Ahuja emphasized that the talent deficit in the West, particularly in STEM fields, is creating opportunities for Indian professionals. The growing availability of high-quality work, competitive salaries, and a superior quality of life in India are drawing professionals to remain within the country rather than seeking opportunities abroad. Cities like Bangalore and Hyderabad are becoming hubs for these professionals, offering an attractive combination of work and lifestyle.

Strategic Expansion and Growth

Indian GCCs are not only addressing immediate business needs but are also strategically positioning themselves for future growth. By focusing on innovation and cutting-edge product development, these centres are playing a crucial role in the global business landscape. This strategic focus is positioning Indian GCCs as leaders in future innovations while US counterparts manage ongoing operations.

The Role of Multi-Channel Strategies

The expansion strategies of Indian professionals and GCCs are multifaceted. By leveraging multi-channel strategies, these entities are maximizing their reach and influence in the global market. The combination of high-quality work, competitive salaries, and superior quality of life is creating a compelling narrative for Indian professionals to stay and thrive within the country.

Conclusion

Indian professionals are increasingly taking on leadership roles within global capability centres, reflecting India's growing influence in international corporate frameworks. With competitive salaries, high-quality work environments, and superior quality of life available in cities like Bangalore and Hyderabad, India is well-positioned to address the talent deficit in the West, particularly in STEM fields. The sustained rise in Indian leadership within GCCs highlights the strength of India's talent pool and the strategic importance of these centres in global business operations. As GCCs continue to grow and innovate, their contribution to India's economy is projected to be significant, further establishing India's role in the global business landscape.

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