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India's 1,700+ GCCs employ 1.9 million engineers and generate $64B a year. What they are building, why senior engineers keep leaving, and what it means for Indian SaaS founders.
India has 1,900+ GCCs employing 2.4 million engineers — 43% of India's formal software talent. The standard narrative frames this as competition with startups. The attrition and comp data tell a different story.
India has 2,117 global capability centres employing 2.36 million people. The story behind those numbers is neither the cost-arbitrage play they started as nor the innovation labs consultants now claim.
India's 11.5% GCC increment figure looks healthy in aggregate. Split the data by AI specialisation, performance tier, and geography — and two separate markets emerge inside those averages.
India's 2,117 GCCs employ 2.36M tech professionals, with senior attrition at 22–30%. Founders still can't hire. The paradox resolves once you stop assuming GCCs and startups compete for the same engineers.
India now has more than 2,000 Global Capability Centres employing two million engineers. For Indian SaaS founders, that creates two distinct problems and one overlooked opportunity.
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