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New Delhi (India), September 24 (ANI): Bengaluru maintained its strong position as a major hub for the Gulf Cooperation Council countries, absorbing 36 per cent of the workers from these countries in the first two quarters of fiscal year (FY) 2025, a report by TeamLease Digital said.

Professional services, which include BFSI and consulting companies, account for another 21 percent of employment.

Bengaluru’s manufacturing sector is also starting to play a significant role, accounting for 10 per cent of total employment, with the automotive and electronics sectors leading the growth.

The results also showed that Hyderabad accounts for 14 percent of TeamLease Digital’s customer base. The city leads the high-tech industry, which accounts for 45 percent of the GCC workforce.

Hyderabad-based GCC countries are pioneering digital transformation, leveraging advances in cloud computing, artificial intelligence, cybersecurity, blockchain technology and data analytics to streamline global operations.

The focus on automation and emerging technologies such as robotics and blockchain underscores Hyderabad’s role as a leader in technological innovation.

It is closely followed by the Mumbai/Pune region, with 31% of TeamLease Digital’s partnerships in the GCC. The high-tech and automotive sectors are the most important in the region, with high-tech accounting for 33% and automotive accounting for 22% of the workforce.

Pune, in particular, is emerging as a driving force in the automotive sector. The region also stands out for its involvement in capital markets, a sector served only by Mumbai/Pune and Delhi NCR, highlighting key skills in data mining, predictive analytics and big data frameworks.

Delhi-NCR contributes 22 percent to the total GCC workforce, with Software Platform and High Tech each accounting for 20 percent of the workforce. The region is unique in contributing significantly to the oil and gas industry, accounting for 6.5 percent of the GCC workforce.

Elaborating on the findings, Neeti Sharma, CEO, TeamLease Digital, said, “Sectors like healthcare, BFSI and retail have shown remarkable growth. These sectors have witnessed compound annual growth rates (CAGR) of over 30 per cent between 2021 and 2023. This growth is particularly noteworthy considering that the broader IT industry has been experiencing a recession during the same period. In contrast, the GCC software and internet sector has maintained steady progress and is expected to grow at a CAGR of 6.2 per cent by 2027. Even more promising is the GCC retail and e-commerce sector, which is expected to register the strongest growth at 8.4 per cent CAGR, closely followed by the healthcare sector at 7.5 per cent.” (ANI)

This report is generated automatically by ANI news service. ThePrint is not responsible for its content.