SynopsisIndia's Global Capability Centres sector is rapidly expanding and generating significant revenue. However, a substantial gap exists between engineering graduates and job-ready talent. Companies are investing heavily in upskilling and reskilling existing employees to meet demand. Apprenticeship programs and exploring tier-two cities are also key strategies. Closer industry-academia collaboration is vital for future talent pipeline development.
India is home to more than half of the world's Global Capability Centres (GCCs)—a sector generating $100 billion in annual revenue, with over 2,100 centres employing 23 lakh professionals directly. Speaking in July, Finance Minister Nirmala Sitharaman said India's ambition of building an ecosystem capable of supporting around 5,000 GCCs by 2030 was “realistic and achievable.”
But sustaining that expansion will depend on whether India can build an engineering talent pipeline with the specialised, industry-ready skills GCCs increasingly need.
On paper, the talent pool looks large. India produces 1.5 million engineering graduates every year, but only 25% to 30% are considered job-ready for GCCs and capable of contributing from day one, according to data shared with ET Online by TeamLease Digital.
India's Global Capability Centres sector is rapidly expanding and generating significant revenue. However, a substantial gap exists between engineering graduates and job-ready talent. Companies are investing heavily in upskilling and reskilling existing employees to meet demand. Apprenticeship programs and exploring tier-two cities are also key strategies. Closer industry-academia collaboration is vital for future talent pipeline development.
India is home to more than half of the world's Global Capability Centres (GCCs)—a sector generating $100 billion in annual revenue, with over 2,100 centres employing 23 lakh professionals directly. Speaking in July, Finance Minister Nirmala Sitharaman said India's ambition of building an ecosystem capable of supporting around 5,000 GCCs by 2030 was “realistic and achievable.”
But sustaining that expansion will depend on whether India can build an engineering talent pipeline with the specialised, industry-ready skills GCCs increasingly need.
On paper, the talent pool looks large. India produces 1.5 million engineering graduates every year, but only 25% to 30% are considered job-ready for GCCs and capable of contributing from day one, according to data shared with ET Online by TeamLease Digital.
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