The risk of job redundancies due to the spread of AI is real and current, but the onus of preventing that and transforming its impact, has fallen on the leadership of companies. A group of top industry leaders discussed threadbare how to do that, at the Mint Digital Innovation Summit 2024
Global capability centres (GCCs) are increasingly looking to tap into revenue opportunities from the Indian market, which is already a critical talent hub.
While capturing the potential of the Indian market has been in the works over the past few years, it s only of late that companies are gaining momentum.
India is home to more than 1,580 GCCs, with a total market size of $46 billion and growing at a compound annual growth rate (CAGR) of 11.4 per cent, according to a Nasscom-Zinnov report.
Deutsche India, which houses the largest technology centre of German investment bank Deutsche Bank, is expanding its operations in India and hiring thousands. Since January 2023, we have hired more than 2,500 people for Deutsche India and expect a positive trend to continue for the rest of 2023, Dilipkumar Khandelwal, chief executive officer of Deutsche India and Global Head of Technology Centers told Business Standard . We will continue to hire in the similar range even for the next year. Deutsche India has about 16,000 employees in the country and most of them are engineers.
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