Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must drive the move from cost to capability and innovation.

Highlighting the role of government-industry collaboration, the CEA said the Union Budget has addressed a long-pending industry demand by simplifying and expanding the transfer…

India's GCC jobs face lower AI risk, but complacency may jeopardize their cutting-edge status, warns Chief Economic Adviser.

India’s Global Capability Center (GCC) sector has emerged as one of the country’s biggest economic success stories, evolving from back-office operations into global hubs for…