Global Capability Centres have become a cornerstone of India’s modern growth strategy, evolving from low-cost support units into global hubs for innovation, engineering, and strategic functions. Supported by skilled talent, strong digital infrastructure, and enabling government policies, GCCs contribute significantly to high-value exports, quality employment, and technological advancement. Their expansion is deepening India’s integration into global value chains and reinforcing its position as a leading knowledge and innovation-driven economy.
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The 2025 Economics Nobel honored Joel Mokyr for showing sustained growth needs a constant feedback loop between theoretical and practical knowledge, mass skilling, and societal openness. Philippe Aghion and Peter Howitt formalized Creative Destruction, demonstrating that temporary monopoly power fuels competitive, cyclical innovation and progress.
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