How Will GCCs Contribute 2% of India's GDP and Generate 2.8 Million Jobs by 2030?
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Synopsis
Discover the transformative role of Global Capability Centres in India, projected to contribute significantly to the economy and job market. With a focus on innovation, skilled workforce expansion, and digital transformation, GCCs are reshaping India's position as a global economic powerhouse. Find out what this means for the future of finance roles and opportunities.
Key Takeaways
- GCCs to contribute 2% to India's GDP by 2030.
- Creation of 2.8 million jobs in the sector.
- Transition from back-office hubs to global innovators.
- Focus on high-quality finance roles and services exports.
- Expansion opportunities in tier-II cities.
New Delhi, July 29 (NationPress) Global Capability Centres (GCCs) are expected to contribute 2 percent to India’s GDP and create 2.8 million jobs by 2030, as reported on Tuesday.
The role of GCCs in India has transformed from mere back-office support to becoming global value creators. They are now at the forefront of innovation, technological advancements, and research and development for multinational corporations, according to a recent report by ACCA (the Association of Chartered Certified Accountants).
These centres are significantly enhancing India’s economic landscape by increasing services exports and generating high-quality finance positions. They are crucial in overseeing global operations and collaborating with teams worldwide.
A skilled workforce, particularly in technology, expansion into tier-II cities, supportive government policies, and better infrastructure are propelling India’s emergence as the world’s front office, the report emphasized.
In FY24, GCCs generated an estimated $64.6 billion in export revenue, reflecting a remarkable 40 percent increase from $46 billion in FY23.
By 2030, it is projected that 20,000 global leadership roles will be established in India, the report added.
“India provides the perfect environment for GCCs due to our young, educated workforce, stable political climate, and capabilities in digital transformation,” stated Md Sajid Khan, Director–India at ACCA.
The demand for finance professionals is vast, especially for those possessing advanced skills in the finance sector, who are adept with data and digital tools, and who can apply commercial and critical thinking, he mentioned.
As GCCs evolve, finance roles are expanding beyond traditional tasks—from basic transaction accounting to creating value for organizations through process enhancement and cost transformation initiatives.
Opportunities for growth include business partnering, procurement, reporting, planning, and analysis.
While entry-level positions focus on data analytics, financial planning, and compliance management, mid-level roles are transitioning towards process improvements and driving transformation, according to the report.
Point of View
The evolution of Global Capability Centres (GCCs) in India represents a significant shift in the economic landscape, positioning the nation as a key player in global operations. With the right policies and workforce development, India is poised to harness the potential of GCCs to drive growth and innovation. This aligns with the nation's long-term goals of economic stability and job creation.
NationPress
31/07/2025
Frequently Asked Questions
What are Global Capability Centres?
Global Capability Centres (GCCs) are operational hubs that provide various services, including innovation, research, and development for global corporations. They have evolved from back-office functions to key players in generating economic value.
How much will GCCs contribute to India's GDP?
GCCs are projected to contribute approximately 2 percent to India's GDP by the year 2030.
How many jobs will GCCs create by 2030?
It is estimated that GCCs will generate around 2.8 million jobs in India by 2030.
What factors are driving the growth of GCCs in India?
Key factors include a skilled workforce, expansion into tier-II cities, favourable government policies, and improving infrastructure.
What opportunities exist for finance professionals in GCCs?
There is a strong demand for finance professionals with advanced skills in data handling, digital tools, and critical thinking, with roles expanding beyond traditional accounting functions.
