Consider the following statements regarding Global Capability Centres (GCCs) in India: Statement I: India has emerged as a major global hub for setting up GCCs due to the extensive availability of a digitally skilled, English-speaking talent pool. Statement II: The aggregate revenue and scale of operations generated by GCCs in India have consistently expanded over recent years instead of declining. Statement III: GCCs are setup primarily as offshore units to execute specialized corporate operations within India, rather than due to developed nations relaxing physical immigration laws to relocate workers abroad. Which one of the following options is correct in respect of the above statements?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Neither Statement II nor Statement III is correct.

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Answer 1

Neither Statement II nor Statement III is correct.

Answer 2

Only one of the Statements II and III is correct, and that explains Statement I.

Answer 3

Both Statement II and Statement III are correct, but only one explains Statement I.

Answer 4

Both Statement II and Statement III are correct, and both explain Statement I.

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