UBS Opens New GCC in India: India Becomes World's Back Office Powerhouse

• UBS inaugurates a new Global Capability Centre (GCC) in India, highlighting the country's growing role as a global hub for corporate shared services and high-value operations.
• India's GCC ecosystem boasts over 1,700 centers, employing 1.9 million professionals, projected to reach 2,400 GCCs and 2.8 million jobs by 2030.
• The Indian GCC market, valued at USD 64 billion in 2024, is expected to hit USD 105–110 billion by 2030, driven by IT/ITeS, BFSI, Healthcare & Life Sciences, and ER&D sectors.
• Bengaluru leads with 875+ GCCs, while emerging Tier 2 cities like Jaipur, Kochi, and Indore are attracting new investments.
• PropTech, AI, and supportive policies like the Union Budget 2026 and IFSC model are accelerating GCC growth, transforming India into a strategic hub for global corporations.