Takeaways from the NASSCOM GCC Conclave 2024

India's Prominent Position in GCCs: India's influential role within the GCC ecosystem is not transient..

With a rich pool of talent, a culture of innovation, and a strong commitment to collaboration, India’s GCC ecosystem has a bright future ahead. Far from reaching its peak, India's journey in the GCC arena is only beginning, promising even greater strides and deeper partnerships in the future.?

Talent as the key Cornerstone of Growth for GCC ecosystem in India: Talent remains the cornerstone of India's growth trajectory. While cost arbitrage reduction is inevitable over time, the imperative for sustaining growth lies in elevating the value proposition. This underscores the ongoing importance of nurturing and developing skills, talent, and increased productivity outcomes to ensure continued progress and competitiveness in the global landscape.

Expanding Leadership Pool in India GCC Ecosystem: NASSCOM's research shed light on the presence of approximately 1600 GCC Centres in India, addition of about 4-5 GCCs a month & the currently an estimated count of 5000 global roles across all GCC centres in India.

?Diversification is the key for sustained Growth Horizons in GCC: While Information Technology (IT) related roles & work continues to be pivotal for the GCC's growth, there's a noticeable shift towards prioritizing data, cybersecurity, domain specific & non-tech roles alongside for holistic development, maturity & global recognition of centre. ??

Great insights by Ned Mody on need for Industry Academia collaboration, skill & domain expertise development etc.

GenAI Hype vs. Enterprise Reality: While there's considerable excitement around Generative AI, it's evident that there's still a substantial journey ahead before enterprise-level use cases become mainstream.

Overall a great 2 days of engaging sessions, great discussions & insights.

As Sachin Kulkarni 's session highlighted – We should move ahead Fearlessly but not recklessly in this journey!

Let’s make it Happen!

#Careernet #Hirepro

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