But Delhi policy wonks just don’t get it. These centres today are drivers of services exports & GDP growth. Now, India needs a policy to make them catalyse our educational, research, and deep-tech ecosystem
In the current economic dullness, there’s a remarkably vibrant sector that Delhi policy wonks often miss because its best manifestations are in Bengaluru, Hyderabad, and Pune, and because our export categorisation masks it. It’s global capability centres (GCCs), the tech and operations centres of MNCs, of which there are some 2,400 in India today employing over 3.5mn people. And every week, one or more is being established in India.