Modern services sectors can create 3 million jobs: Axis Bank chief economist – The Financial Express

The expansion of GCC (Global Capability Centres) will eat into potential growth opportunities for companies and pressure costs by playing a bigger role in programme management and relying on lateral hires, the report notes. NASSCOM data indicates 2.8 lakh GCC employee additions in FY23 versus 3.8 lakh added over FY1722.
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