April 18, 2024 11:12 AM

India emerges as offshoring hub with growth in office leasing: report

India has emerged as one of the leading offshoring destinations globally, according to the latest report from Knight Frank. The report, titled "Asia Pacific Horizon: Harnessing the Potential of Offshoring," highlights the significant growth of the offshoring market in India. In 2023, it accounted for over 46 percent of leased office space, with Global Capability Centres (GCCs) emerging as the primary offshore occupiers. According to the report, India's offshoring market grew by 26 percent in l...