India, Feb. 26 -- India is witnessing a shift in its role as the global destination for Global Capability Centers (GCCs). Once perceived as cost-effective back offices, GCCs in India have now evolved into strategic innovation hubs driving technological advancements and global business outcomes. This transformation underscores the country's growing prominence in the global digital economy.

Initially seen as cost-saving back offices, GCCs have evolved into innovation powerhouses. Companies like Amadeus, Eastman Chemical, and British retail giants are leveraging their Indian centers for AI-driven solutions and advanced platforms like GPT. Bengaluru remains the epicenter, contributing 39% of GCC revenue, followed by Hyderabad and Pune. The r...