Will India’s GCC Market Reach $110 Billion, Growing 10% Annually by 2030?
Synopsis
India's Global Capability Centres are set to grow significantly, employing millions and reaching a market value of up to $110 billion by 2030. Discover how this growth is reshaping India's office market landscape and driving demand for premium spaces.
Key Takeaways
India is set to have over 2,400 GCCs by 2030.
The GCC market may reach $110 billion with a 10% annual growth.
Over 2.8 million professionals will be employed in this sector.
Bengaluru leads in GCC leasing, followed by Pune and Delhi-NCR.
REIT market potential is significant, with expected growth by 2030.
New Delhi, Feb 3 (NationPress) India is on track to establish more than 2,400 Global Capability Centres (GCCs) by 2030, creating opportunities for over 2.8 million professionals. A recent report indicates that the nation's GCC market could achieve a valuation between $105 billion and $110 billion, propelled by a compound annual growth rate of 10%.
The report, released by FICCI and ANAROCK, highlighted that India’s office market witnessed unprecedented leasing activity in the top seven cities in 2025, significantly influenced by GCCs, which now represent more than 40% of total gross leasing.
Despite facing macro-economic and geopolitical challenges, India’s office market showed remarkable resilience in 2025, reaching all-time high leasing rates, according to the report.
GCCs accounted for over 32.5 million square feet of the total 80.5 million square feet of gross office space leased in the top seven cities during the calendar year 2025.
Bengaluru remains at the forefront of India’s GCC ecosystem, supported by a robust talent pool, a well-established infrastructure, and ongoing global investment interest.
The city captured more than one-third of GCC leasing, followed by Pune at 15%, and Delhi-NCR and Hyderabad each at approximately 14%.
The sector's capability to attract and retain global talent, along with India’s cost-effectiveness and skilled workforce, continues to drive the demand for premium office spaces. Moreover, the GCC presence is rapidly extending beyond the top seven cities, gradually infiltrating Tier 2 locations such as Jaipur, Indore, Surat, Kochi, and Coimbatore.
“Over the years, India’s GCC landscape has expanded quickly, with its market size growing from $30 billion in 2019 to nearly $64 billion in 2024. This expansion is driven by increasing demand from pivotal sectors such as IT/ITeS, BFSI, Healthcare & Life Sciences, and Engineering Research & Development (ER&D),” said Anuj Puri, Chairman of ANAROCK Group.
While India’s REIT market remains significantly smaller compared to mature markets like the US, Singapore, and Japan, there is considerable potential for growth.
Heightened institutional involvement, supportive policies, and broader asset inclusion could boost REIT penetration to between 25% and 30% by 2030, up from around 20% today, as stated in the report.
Point of View
It is evident that India's GCC growth signifies not just economic resilience but also an opportunity for the country to establish itself as a global hub for talent and innovation. As GCCs expand, they will play a crucial role in enhancing India's competitive edge in various sectors.
NationPress
11 May 2026
Frequently Asked Questions
What is the projected size of India’s GCC market by 2030?
India's GCC market is projected to reach between $105 billion and $110 billion by 2030.
How many professionals will the GCCs employ?
The GCCs in India are expected to employ over 2.8 million professionals.
Which city leads in GCC leasing?
Bengaluru continues to lead in GCC leasing, capturing over one-third of the total market.
What sectors are driving the growth of GCCs?
Key sectors driving GCC growth include IT/ITeS, BFSI, Healthcare & Life Sciences, and Engineering Research & Development.
What is the potential for REIT growth in India?
REIT penetration in India could increase to 25-30% by 2030, up from about 20% today.
