Now Reading: India GCC industry revenue hits $98.4 bn in FY26, report says
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India GCC industry revenue hits $98.4 bn in FY26, report says
India's global capability centres (GCCs) recorded an estimated revenue of $98.4 billion in FY26, according to a joint report by Awfis Space Solutions and Zinnov released on Wednesday. The report states that the number of GCCs in the country has grown nearly 32% since FY21 to 2,117, employing more than 2.36 million professionals. Nearly half of India's GCCs now undertake an equal or greater share of frontier work compared with their global headquarters.
Separately, CBRE's 2026 India Office Occupier Survey, based on responses from over 200 CXOs, found that 77% of occupiers expect their India office portfolios to grow over the next two years. The Times of India reports that this expansion is supported by sustained business growth and GCC expansion. Around 30% of firms plan to significantly increase their office footprint, with 67% of occupiers planning to include flex space in their portfolios within two years. AI is emerging as a key factor in leasing decisions, though 57% said AI has not yet had a measurable impact on their leasing strategy.
Indian Opinion Analysis
Freepressjournal.in's coverage leads with the GCC revenue figure and the Zinnov report's details on frontier work and AI talent growth, framing the story as an industry success metric. The Times of India leads with CBRE's survey on office expansion, emphasising business confidence and the shift to flexible workspaces. Both outlets present straight reporting with no discernible slant. A careful reader can see that the reports complement each other: one focuses on GCC financial scale and tech capability, the other on occupier sentiment and real estate strategy. Watch for GCC leasing data in Q2 FY27 to gauge whether the expansion plans materialise.
Coverage: 2 sources, 2 neutral
Sources (2): freepressjournal.in (neutral report), timesofindia.indiatimes.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
