New Delhi, July 9 -- Global economic volatility is unlikely to hurt India's Global Capability Centre (GCC) industry, as multinational companies are expected to expand operations in the country during both economic upturns and downturns, according to Rohan Lobo, Partner, Deloitte and Industry and Channel Leader - GCCs.

"If there is a significant amount of volatility, if there is difficulty, then because we are offering a cost arbitrage of around 2x, it is a driver of taking work from high expensive areas and bringing it into India where the cost savings are coming. So this is one sector where whether global volatility is rising and the economic condition is becoming tough, GCC is gaining because more work comes here because of the cost ar...