PwC India FICCI warn skill gaps erode India's GCCs value
India's global capability centers (GCCs) could lose nearly a fifth of their value by 2030 if they don't close major skill gaps, according to a new PwC India and FICCI study.
Right now, these gaps are already cutting value by about 10% each year, based on feedback from 200 senior executives across eight industries.
GCC leaders flag AI literacy gaps
Most GCC leaders (86%) expect AI to change the game by 2030, but over 90% admit no more than 40% of their leadership teams have adequate AI literacy for strategic decision-making.
Nearly half the workforce will need serious upskilling or reskilling in just three years, and new hires currently take an average of 8.69 months to become productive.
Still, most leaders feel India can stay on top if companies double down on talent development and invest more in people.