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Mumbais GCC hiring in India slowed down in FY24, impacted by global uncertainties. Despite high attrition and talent demand, centers took a cautious approach. Experts attributed the slump to a cautious approach by companies since 2023 amid multiple global headwinds - inflation, geopolitical conflict, supply side challenges and high interest rates. Xpheno data show that with 16-18% average attrition, GCCs in FY24 had a gross talent demand for over 250,000 people.

On April 2, Florida Gov. Ron DeSantis signed HB 5203, Property seized by the Florida Gaming Control Commission.

"Even for the new talent who are aspiring for jobs in the IT industry, upskilling is now the real need and they have to invest in terms of expanding their own skill set.Almost 60% to 70% of the positions that we used to hire a year back used to be in .NET and Java. But those requirements have now come down to almost 50% whereas all the new requirements, new positions are asking for niche skills like AI and ML and transformative initiatives."

​​A new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs established, marking the entry of key MNCs like Edge Cortix, M31 technology Corporation, Signature IP into the Indian market. US-headquartered MNCs accounted for around 50% of the new GCCs.

About 55-92 percent of the total GCC units in India are housed in Bengaluru, Hyderabad, Chennai, Pune, Mumbai, and NCR region, according to various reports.

Discovering cultural diversity of the GCC through the eyes of TikTok’s creators during Ramadan

Cement firms shift to lighter bags for worker health

The report highlighted that GCCs are establishing dedicated teams to collaborate with global organisations for ESG initiatives, with major areas of support being in the enablement of processes, data and technology.

Indias tech sector revenue set to grow with increasing focus on GenAI, spatial computing, and virtual reality. The sector expects significant growth in exports and the establishment of over 2500 global capability centers by 2030.

The growing presence of Chinese EV makers in Gulf countries indicates a convergence of interests.