BENGALURU/HYDERABAD: Donald Trump’s H-1B visa crackdown will hasten US firms’ shift of critical work to India, turbocharging the growth of global capability centers (GCCs) that handle operations from finance to research and development, economists and industry insiders say.
The world’s fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of high-value innovation in areas from design of luxury car dashboards to drug discovery.
Trends such as growing adoption of artificial intelligence and increasing curbs on visas are pushing US firms to redraw labor strategies, with GCCs in India emerging as resilient hubs blending global skills with strong domestic leadership.
“GCCs are uniquely positioned for this moment. They serve as a ready in-house engine,” said Rohan Lobo, partner and GCC industry leader at Deloitte India, who said he knew of several US firms reassessing their workforce needs.
“Plans are already underway” for such a shift, he added, pointing to greater activity in areas such as financial services and tech, and particularly among firms with exposure to US federal contracts.
