Abstract
Global Capability Centres (GCCs) have emerged as the greatest growth engine in India during the past two decades. However, the success story of GCCs in India is constrained by regional imbalance in the upward journey of the country towards prosperity and progress. While the GCCs have transformed the industrial landscape of southern states in India, the northern and eastern states of the country have remained backward. Setting up of GCCs in the backward states of India require significant investments in world class infrastructure like Technology Parks and Special Economic Zone. It is hoped that the new government after elections in 2024 will pay heed to the aspirations of the backward regions of the country so that the dream of ‘Viksit Bharat by 2047’ can be achieved. Further, expansion of GCCs will mitigate the incidence of unemployment and poverty and help India become 5-Trillion economy in due course.
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