How are GCCs reshaping India’s employment and realty sectors? | Explained

The story so far: The Global Capability Centres (GCCs) are wholly-owned, captive firms of multinationals that serve only their global parent company. These offices of multinationals are reshaping the urban office spaces and job markets in Bengaluru, Hyderabad, Pune and a host of other Indian cities. They have added a layer of high-paying jobs at a time when the job market is seeing pink slips and low hiring. Many Indian States are competing to attract multinational companies to establish GCCs in their cities.