India’s offshore technology ecosystem continues its rapid expansion, with revenues from global delivery and capability centres projected to reach $98.4 billion in fiscal year 2026, according to a report by industry body Nasscom and consultancy Zinnov. The figure is close to earlier estimates projected for 2030, highlighting accelerated global outsourcing shifts.
The report notes that multinational companies are increasingly moving beyond traditional cost-driven outsourcing. Firms such as JPMorgan Chase, McDonald’s, and Nvidia are using India-based Global Capability Centres (GCCs) to handle higher-value functions including finance, software development, and research and development.
The expansion is being driven by a large AI-ready talent pool, scalable operating models, and supportive policy frameworks, which allow companies to rapidly build and expand complex global operations in India.
The report also highlights that rising US visa costs, global inflation linked to geopolitical tensions, and disruptions driven by artificial intelligence are encouraging multinational firms to shift more strategic and AI-focused work to India. Many companies are also bringing critical technology functions in-house through GCCs instead of relying on external outsourcing.
Earlier projections released in September 2024 estimated GCC revenues would reach between $99 billion and $105 billion by 2030. However, current growth trends suggest this milestone is being reached much earlier than expected.
India added and expanded more than 100 GCCs in fiscal year 2026. Companies such as BASF, eBay, and Revolut have announced new or expanded operations in the country.
By FY26, India is expected to host 2,117 GCCs employing around 2.36 million professionals, moving close to earlier projections of 2,100–2,200 centres with 2.5–2.8 million employees by 2030.
North American companies remain the primary driver of this growth, accounting for about two-thirds of new GCC setups, as firms relocate operations to India to access skilled talent at scale.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.