Key Compliance Concerns for GCC Countries in India: Report

“By treating compliance as a strategic imperative, GCCs can not only reduce risk but also increase operational efficiency and build trust among stakeholders… proactive engagement with the regulatory framework will be paramount to ensuring continued success and strengthening India’s position as a global business hub,” it said in the report.

The report further pointed out that India accounts for about half of the GCC countries in the world, with 1,580 of them in FY23. “Given this dynamic, it is estimated that there will be over 1,900 GCC countries in the country by 2025 and the market size will be $60 billion,” it said.

“Over the last few years, we have witnessed the remarkable growth of the GCC in India, driven by several factors.

“As the GCC continues its growth path, moving up the maturity curve, with factors such as blurring geographic boundaries and technological disruption, these centers continue to scan the dynamic risk landscape and adapt to successfully navigate it,” said the vice president Nasscom Srikanth Srinivasan.