New Delhi, July 30 -- Global Capability Centres (GCCs) are set to contribute 2 per cent of India's GDP and generate 2.8 million jobs by 2030, and are emerging as a key growth and employment generator, according to a report by ACCA (the Association of Chartered Certified Accountants).

GCCs, also known as Global In-house Centers (GICs) or Captive Centers, are fully owned and integrated hubs established by multinational corporations in talent-rich locations to build value and intellectual property.

They leverage global talent pools and technological advancements to enhance organizational capabilities and drive business transformation.

With over 1700 GCCs in 2023-24, which is expected to rise to over 2200 by 2030, India has become the prom...