India’s GCCs to Add 1.4 Million Jobs, Drive 170 Million Sq. Ft. Office Demand by 2031

A report projects that India’s global capability centres could add up to 1.4 million jobs and generate as much as 170 million square feet of additional office demand by 2031.

• The report projects GCC employment rising from about 2.3 million people to 3.3–3.7 million by 2031, with 1–1.4 million net jobs added.· 1 source
• It estimates 150–170 million square feet of incremental office demand and says BFSI and technology, media and telecommunications could account for about 54% of it.· 1 source
• The report expects Bengaluru and Hyderabad to account for 90% of new GCC setups and says collaboration and shared areas could grow from 27% to 55% of workplace allocation by 2031.· 1 source