New Delhi, July 9 -- Finance minister Nirmala Sitharaman on Thursday said India has reached an inflection point in its Global Capability Centre (GCC) journey, shifting from being a destination driven by scale and cost efficiency to one focused on capability leadership, as she outlined the government's ambition to build an ecosystem supporting around 5,000 GCCs by 2030.

Addressing the closing session of the CII GCC Business Summit 2026, the finance minister said India currently hosts more than 2,100 GCCs, employing 2.3 million professionals and generating nearly $100 billion in annual revenues, with over 500 Forbes Global 2000 companies operating GCCs in the country.

A GCC is an offshore, fully owned facility set up by a multinational co...