Trump's H-1B Visa Changes Boost India's Global Capability Centres
President Donald Trump's recent H-1B visa restrictions are set to boost India's Global Capability Centres (GCCs). Experts predict a surge in offshoring, with India's GCC count potentially reaching 2,200 by 2030, up from the current 1,700.
The new visa rules, which include a significant hike in application fees, are pushing US companies to shift key operations to India and other offshore destinations. This trend is expected to accelerate India's GCC growth, which was already projected to reach over 2,200 centres by 2030, with a market size nearing $100 billion.
Analysts like Sajjid Chinoy from JPMorgan and Ramkumar Ramamoorthy, former Cognizant India MD, foresee 'extreme offshoring' as a result. Rohan Lobo of Deloitte India predicts GCCs will take on more strategic roles, driving innovation and streamlining business operations.
The Trump administration's H-1B visa changes are driving a significant shift in global operations, with India's GCCs poised to grow rapidly. This growth is set to bring substantial economic benefits to India, with the potential to create more jobs and boost the country's tech industry.
