Goldman's Biggest Office Beyond NY Attests to India's Rise

India has evolved from being the world's back office to a hub for global capability centers (GCCs), contributing significantly to its GDP and driving economic shifts. However, the growth of GCCs faces challenges such as a shortage of skilled labor, inadequate infrastructure, and potential political risks. Despite a large number of students in STEM fields, the employability of graduates remains a concern, leading to a talent war. Industry bodies like Nascom highlight the need for training and infrastructure improvements to sustain growth.

What transformation has India undergone in terms of its role in global business operations?

• From a manufacturing hub to a service provider

• From a back office to an innovation hub

• From a technology leader to a financial center

• From a research center to a call center

What significant change in India's economy is attributed to the rise in services exports?

• Structural shift improving trade deficits

• Reduction in agricultural exports

• Decrease in foreign investments

• Increase in manufacturing output

What is one of the major challenges faced by global capability centers in India?

• Excessive government regulations

• Lack of skilled labor

• High operational costs

• Limited access to technology

Which city is known as India's Silicon Valley and faces infrastructure challenges?

• Mumbai

• Delhi

• Bengaluru

• Chennai

What is a potential risk for global capability centers related to international politics?

• Increased tariffs on exports

• Stricter visa regulations

• Offshoring of jobs during US elections

• Currency fluctuations

What percentage of Indian university students are taking up STEM subjects?

• 50%

• 34%

• 20%

• 60%

What is a major concern regarding the employability of young graduates in India?

• High dropout rates in universities

• Lack of interest in technology

• Insufficient training in advanced technologies

• Overabundance of skilled workers