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Global capability centres (GCCs) in India have started to inch toward the 5% mark in terms of revenue contribution for the top IT service majors, despite being in competition with them for systems budgets of their parent companies.
The figure hovers somewhere around the sub-$10 billion mark for GCC services business for the $283 billion software services industry.
“At an industry level, about 3-4% of Indian tech industry revenue i.e., $5-6 billion, is the GCC spending in INR (Indian rupee) from India entity towards IT, staffing firms & consulting in…
