Global Capability Centres (GCCs) have evolved from being regarded merely as instruments for cost reduction to being the drivers of innovation and transformation. This article seeks to give a broad-based perspective on the prospects of GCCs in India. The outlook for GCCs in India is optimistic, as a growing number of international firms are seeking to establish their GCCs in the country. This trend is anticipated to create job opportunities and increase socio-economic benefits for India. With a skilled English-speaking workforce, India is on the cusp of becoming the next ‘Silicon Valley of GCCs’, with various innovation and talent hubs developing throughout the country. This progress may lead to enhanced socio-economic conditions in both Tier-I and Tier-II cities. However, despite significant advancements, GCCs have not yet attained widespread recognition in the country. They encounter several challenges, including inadequate collaboration between parent organisations and GCCs, difficulties in transitioning back to on-site work from hybrid or remote arrangements, decline in service quality due to prolonged remote work, hurdles in implementing transformation and automation initiatives at the necessary speed, obstacles in scaling or resuming support services and reduced worker productivity stemming from extended remote work and weakened cross-functional collaboration. To overcome these challenges, proactive measures from industry stakeholders will be essential. These may involve monitoring employee productivity and satisfaction through online proctoring and regular meetings in hybrid or remote work environments and improving collaboration between GCCs and their parent organisations through consistent communication and feedback.