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Will the GCC boom transform India's job market?

Global capability centres, which employ 2.1 million people, are reshaping global business models in India, powered by innovation, AI, and talent from emerging cities. Can they transform India's job market?
Will the GCC boom transform India's job market?
Business Today Magazine’s latest issue explores the India’s rapid emergence as the global hub for Global Capability Centres (GCCs). With over 2,000 GCCs operating across the country and employing 2.1 million professionals, India now hosts more than half of the world’s GCCs. These centres have transformed from back-end support units into innovation engines, leading global mandates in AI, cybersecurity, product design, and digital transformation. From Tier I cities to emerging Tier II and III hubs like Coimbatore, Vizag and Indore, GCCs are helping decentralise growth, generate high-value jobs, and elevate India’s position as a strategic powerhouse in global business. Backed by progressive policies, India’s strong STEM talent pipeline, expanding digital infrastructure, and foreign direct investments are fueling this momentum. Also in focus: India’s $125 billion annual infrastructure push, rising green energy capacity, and evolving manufacturing capabilities, signs of an economy on the rise. The spotlight also falls on landmark defence manufacturing moves and the resurgence of firms like Suzlon. Together, these trends outline a compelling vision of India’s industrial transformation—anchored by capability, talent, and global ambition. All this and more in the latest issue of BT Magazine. Out on stands now.
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This special Business Today issue, featuring the BT CareEdge Study on India's Most Sustainable Companies, marks a landmark moment as we go beyond rhetoric to spotlight India Inc.’s most transformative sustainability journeys. The issue is accompanied by the inaugural edition of BT India’s Most Sustainable Companies 2025 Summit and Awards, an effort to recognise companies that have demonstrated exemplary commitment to Environmental, Social, and Governance (ESG) principles. Paired with a rigorous, data-driven recognition of India's most sustainable companies across high-impact sectors, this edition is both a celebration and a call to action. Hindustan Petroleum Corporation Limited (HPCL) won the Climate Leadership Award while Tata Steel bagged the Special Jury Award in Sustainability Leadership at BT India's Most Sustainable Companies Awards 2025. The full list of winners showcases how sustainability is no longer optional, it is central to continuity, competitiveness, and capital flow. The opening essay traces how industry giants like the Aditya Birla Group, Tata Group, and Reliance Industries are not just responding to climate realities, they’re shaping them. With net-zero targets, integrated ESG data systems, and sector-specific transitions, these corporations are redefining leadership in a resource-constrained world. From resilience in the face of climate shocks to future-facing investments in clean energy, this issue captures how top conglomerates are hardwiring ESG into strategy, risk frameworks, and capital allocation. All this and more in this special issue of Business Today Magazine. Out on stands now!
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India’s post-pandemic pharma pivot takes centre stage in this issue of Business Today. The June 8 cover story dives into the transformation of Serum Institute of India (SII)—once the world's leading Covid vaccine supplier, now innovating its way forward. The June 8 cover feature offers an in-depth analysis of the strategic transformation underway at Serum Institute of India (SII). Once the world’s foremost supplier of Covid-19 vaccines, SII, under the leadership of Adar Poonawalla, is recalibrating its operational focus toward a future anchored in research-intensive vaccine innovation, global market penetration, and diversified sectoral investments. As pandemic-driven revenues normalize, SII is charting a renewed trajectory through the development of India’s first indigenous HPV vaccine and ambitions to secure regulatory approvals in the US and EU markets. Parallelly, the group’s pivot into non-core verticals spans diagnostics, financial services via Poonawalla Fincorp, and an unexpected equity stake in film production giant Dharma Productions, underscoring a bold diversification strategy. Also in focus are the broader industry landscape amid the waning relevance of pandemic-era high performers and a sharp editorial reflection on Pakistan’s economic freefall and its militarised roots. This issue encapsulates the dual themes of corporate reinvention and geopolitical reckoning—two sides of a global post-crisis reset. All this and more in the latest issue of BT Magazine. Out on stands now!
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India’s insurance sector is at a turning point. With 100% FDI now allowed, global insurers are entering the fray and long-standing joint ventures like Bajaj Allianz have already begun to unravel as the foreign players bring capital, tech, and competition to a market with under 4% penetration and a rising middle class. In this issue of Business Today, we explore how this shake-up will impact legacy players, customer experience, and growth policies—from lowering GST on premiums to driving inclusion. Also Inside: exclusive findings from the BT-C Fore Business Confidence Survey as landmark developments like the India-UK trade deal are among forces recalibrating business sentiment. This edition also takes a sharp dive into the meltdown on Pakistan Stock Exchange following India’s Operation Sindoor. All this and more in the latest issue of Business Today magazine. Out on stands now!
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A high-stakes battle is brewing in the skies, between IndiGo’s evolving hybrid model and Air India’s full-service push. As India eyes the skies with record-breaking growth projections, this issue of Business Today Magazine delves into the bold ambitions of IndiGo, the low-cost carrier that revolutionised domestic flying. Now, under the leadership of CEO Pieter Elbers, it is aggressively expanding its footprint on the global aviation map. From connecting Tier II and III cities to targeting underserved international routes, IndiGo has evolved into a serious challenger to Air India’s long-haul dominance. As the world’s second-fastest growing airline by seat capacity, its strategic pivot—from Central Asia to Europe and eventually North America—signals the rise of a global aviation force. But can its low-cost DNA adapt to the demands of premium, long-haul travel? All this and more in the latest issue of Business Today Magazine. Out on stands now!
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