India's GCC Sector Reaches $64.6B in FY24, Grows 9.8%: MeitY

• India's Global Capability Centres (GCCs) generated $64.6 billion in revenue in FY24, growing 9.8% annually, according to MeitY.
• India hosts over 1,700 GCCs, employing more than 1.9 million professionals, serving as strategic hubs for innovation.
• The sector's revenue has grown from $40.4 billion in FY19 to $64.6 billion in FY24, with major clusters in Bengaluru, Hyderabad, and NCR.
• The Centre projects the GCC sector to expand to $105 billion by 2030, with 2,400 GCCs and 2.8 million employees.
• India's skilled workforce, ease-of-doing-business reforms, and liberalized FDI policies are driving the growth of GCCs.

Why It Matters: India's GCC growth boosts economy, creates jobs, and global tech role.