GCCs driving growth of India’s tech industry, says Economic Survey

Global Capability Centres (GCCs) in India are driving the growth of India’s technology industry and is making a meaningful contribution to the services trade surplus of the country, according to The Economic Survey 2025-26. “In recent years, a key structural feature underpinning the IT-ITeS sector’s performance has been the steady expansion of Global Capability Centres (GCCs),” the Economic Survey said in its report. “The Economic Survey confirms what has already been known for a few years. India has emerged as the most favoured destination for multinational companies seeking to establish Global Capability Centres (“GCCs”),” said Vivek K Chandy, Joint Managing Partner, JSA Advocates & Solicitors. Read more