Monday, May 12, 2025

GCC Boom Leaves IT Behind, 1.5 Lakh New Jobs by 2026, Why?

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India’s Global Capability Centres (GCCs) are on a strong growth trajectory, with projections suggesting the workforce will hit 3 million jobs by 2030.

According to HR solutions firm FirstMeridian, this expansion is set to open up nearly 400,000 job opportunities for fresh graduates over the next six years.

The sector’s rapid scaling is being powered by India’s digitally skilled talent pool, competitive operational costs, and the increasing footprint of industries such as IT, artificial intelligence, machine learning, and data engineering.

The market size for GCCs in India is expected to soar to USD 110 billion by 2030, reinforcing the country’s position as a global hub for capability centres.

The industry is likely to generate 150,000 new jobs by 2026 alone, of which approximately 100,000 will be entry-level positions catering specifically to freshers.

Here’s why surge in hiring and a Boom of GCCs in India

  • Diverse Talent Pool: India offers a vast, digitally skilled workforce, making it a prime destination for global capability centres.
  • Cost & Efficiency Advantage: Operational cost-effectiveness and high-quality output attract global firms to scale faster in India.
  • Tech-Driven Demand: Rising adoption of AI, ML, and data engineering is fueling large-scale GCC expansion.

Workforce Diversity in GCCs

In terms of workforce diversity, the sector already boasts a healthy female representation, with women accounting for 40% of the workforce.

FirstMeridian predicts a further 3-5% increase in gender diversity by 2030, as companies intensify efforts around diversity, equity, and inclusion (DEI) initiatives. These strides are likely to create a more balanced and inclusive workplace environment.

The continued focus on DEI, along with India’s proven track record in delivering high-quality, tech-driven services, is making the country an increasingly attractive destination for multinational firms establishing or expanding their GCC operations.

This evolution is not just about numbers—it reflects a significant shift toward building a future-ready, inclusive, and innovation-driven workforce.

With freshers at the heart of this employment wave, the GCC sector is poised to become a key enabler of youth employment and gender parity in the coming years.

Takeaways

Here are three key takeaways:

  • GCCs are set to outpace IT in hiring, with 1.5 lakh new jobs expected by 2026 and 3 million professionals by 2030.
  • Freshers will benefit significantly, as nearly 1 lakh of these roles will be entry-level positions tailored for new graduates.
  • Gender diversity is on the rise, with women already comprising 40% of the GCC workforce and a projected 3–5% improvement by 2030 due to stronger DEI initiatives.

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