Global Capability Centers in India have experienced substantial growth over the past decade. From FY15 to FY23, GCC revenues grew at a CAGR of approximately 11%, while the top 5 IT services companies saw an 8% CAGR in revenue, albeit from a much larger base. This growth is also evident in headcount additions. From 2010 to 2023, GCC headcounts increased at a CAGR of 12%, compared to 8% for the top 5 IT companies during the same period.
