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Global Capacity Centres in India to add 2,00,000 jobs in FY22

Source | | Rica Bhattacharyya, ET Bureau

India-based captive units of multinational companies are set to increase their employee count by 180,000-200,000 by the end of this fiscal as per an estimate based on hiring plans of existing and upcoming global capability centres (GCCs).

With several new captives in the making and over 500 new GCCs to set up their captive tech centres by 2025, the total headcount is set to double to 3.0-3.2 million by FY25 from 1.5 million now as the market size is estimated to increase to $60 billion from $36 billion, according to data put together for ET by staffing solutions firm Xpheno.

There are currently about 1,500 GCCs in India across sectors such as banking, financial services and insurance (BFSI), IT software, automotive, pharmaceuticals, retail and oil and gas.

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