What Drives India As GCC Hub?

WHEN SOMEONE LIKE Jamie Dimon, chairman & CEO of the world’s largest bank, JPMorgan Chase & Co, speaks, the world listens. During his visit for the India Investor Summit in September, Dimon made a strong case for optimism about India and inclusion of Indian G-sec in global index funds. In August, JP Morgan had announced a massive expansion of its footprint in India, particularly its global capability centres (GCCs) in Mumbai and Bangalore.

Multinationals these days use the expression ‘capability centres’ instead of traditional…