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Last year, Nasscom estimated that exports by GCCs amounted to $46 billion in 2022-23. And that’s the figure that most go by. Sandeep Panat, founding partner at Wizmatic Consulting, a Pune-based consulting & business advisory, has over the past six months been poring over the financial statements filed by some 1,000 foreign companies in India with the registrar of companies (RoC) for FY2023, and has come up with a GCC export figure of $120.5 billion, more than 2.5 times that of the Nasscom one.
There is some confusion around how foreign IT…
There is some confusion around how foreign IT…