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Union Labour Secretary Sumita Dawra on Tuesday said that global capability centres (GCC) are projected to expand to USD 105 billion by 2030, employing over 2.8 million people solidifying India's role as a global hub for enterprise operations and innovation. During a visit of an ILO delegation, headed by ILO Director-General Gilbert F. Houngbo at HSBC GCC on Tuesday in Gurugram, Dawra said that India is home to over 1,700 GCCs, employing 1.9 million professionals and generating USD 64.6 billion in revenue as of 2024, according to a labour ministry statement. Dawra further stated that the key GCC hubs are located in Bengaluru, Hyderabad, Pune, Chennai, Mumbai, and the National Capital Region (NCR). "The sector is projected to expand to USD 105 billion by 2030, with around 2,400 GCCs employing over 2.8 million people, solidifying India's role as a global hub for enterprise operations and innovation," she said. Houngbo mentioned that India is becoming more competitive owing to its larg
Global Capability Centres (GCCs) are expected to create 4.25-4.5 lakh new jobs this year and 1 million in the next six years, with 35 per cent of companies aiming for 50-100 per cent workforce expansion, a report said on Wednesday. According to the India GCC Growth Outlook 2024 report by global technology and digital talent solutions provider NLB Services, India has emerged as the top GCC destination fuelled by its vast skilled workforce and supportive policies. Across the country, GCCs are expected to generate 1 million jobs in the next six years while overall the sector is expected to employ 3.3 million professionals by 2030 (calendar year), said the report which is based on insights from 207 GCC decision-makers across 6 major cities and spanning 10 diverse sectors. GCCs across Bengaluru, Mumbai, Pune and Chennai are poised to drive the demand for freshers. Signalling commitment to future-ready workforces and equipping youth for next-gen innovation, 42 per cent of GCCs are likely
Only 2 per cent of the higher education institutions (HEIs) offer work-linked degrees despite high demand, a TeamLease EdTech survey said on Tuesday. The survey also said that over 85 per cent of students interviewed endorsed work-linked degrees as the future. However, less than 2 per cent of HEIs currently offer such programmes, which underscores an urgent need for change, it said Around 80 per cent of students believe that work experience on their CVs will improve their chances of securing high-paying jobs, and 40 per cent of the respondents identify financial independence as a key driver behind their preference for work-linked degrees, the report added. Moreover, 66 per cent of students valued flexibility in learning schedules, and 56 per cent were drawn to on-the-job mentorship, it added. Such models resonate deeply with students' aspirations for learning that integrate seamlessly with their career goals, the report stated. These findings, it said, reveal a need for HEIs to a
More than 4,500 international civil servants from 32 countries have visited India for mid-career capacity-building program on public policy and governance during 2014-24, the Lok Sabha was informed on Wednesday. Capacity building program for international civil servants focuses on best practices and innovation in governance enabling dissemination and replication of India's good governance models in foreign countries, Union Minister of State for Personnel Jitendra Singh said in a written reply. He said the Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions conduct capacity-building training for international civil servants through the National Centre for Good Governance (NCGG), an autonomous society under it. DARPG/NCGG have signed Memorandum of Understandings (MoUs) with the United Kingdom, France, Portugal, Singapore, Bangladesh, Australia, Cambodia, Gambia, Maldives, and Malaysia in the field of public ...
Prime Minister Narendra Modi has assured that the government is committed to providing future-ready, globally relevant skills training, with India's policies centred on empowering youth, a release said on Saturday. In a written message to the Skill Convocation Ceremony 'Kaushal Deekshant Samaroh', he expressed optimism that India's young professionals will make a lasting impact on the global workforce and play a critical role in its journey to becoming the world's third-largest economy. India is increasingly recognized globally as a powerhouse of skilled talent due to the expertise and scale of its young workforce, Modi said. "The Prime Minister assured that with India's policies centred on empowering youth, the Ministry of Skill Development and Entrepreneurship is committed to providing future-ready, globally relevant skill training," an official statement said. He further emphasized the vital role of skilled youth as India's greatest strength and the essential contributor to the