New Delhi, July 9 -- India now hosts nearly half of the world's Global Capability Centres (GCCs) and has emerged as the second-largest base of enterprise artificial intelligence (AI) talent globally, Chief Economic Adviser (CEA) V. Anantha Nageswaran said on Thursday, highlighting the country's transformation from a low-cost outsourcing destination into a strategic innovation hub for multinational corporations.
Addressing the CII GCC Business Summit 2026, Nageswaran said India's GCC ecosystem has evolved significantly over the past two decades, with centres now playing a central role in product development, engineering, research, analytics and enterprise technology rather than merely providing back-office support.
"Two decades ago, we had...