INDIA'S NEW POWERHOUSES: NEARLY A THIRD OF FORTUNE 500 GIANTS HAVE TAKEN THE GCC ROUTE TO SET UP SHOP IN INDIA. AT THE FORTUNE INDIA BOARDROOM, LEADERS DECODE WHAT MAKES INDIA THE GO-TO HUB.

IN THE RACE for a competitive edge, talent outruns capital or infrastructure as the defining factor for success in any services-based industry.

- BY RUKMINI RAO

While the Covid-19 pandemic tested the ability as well as the agility of global organisations to get work done remotely, technology helped them to emerge victorious. This may have a direct correlation to the phenomenon seen in India over the past five years: global companies have hit the accelerator in setting up global capability centres, or GCCs, in the country. Wooed by the vibrant local talent base, nearly a third of the global Fortune 500 companies have set up GCCs in India.