Will GCCs Contribute 2% to India’s GDP and Generate 2.8 Million Jobs by 2030?
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Synopsis
A recent report predicts that Global Capability Centres will significantly impact India's economy, contributing 2% to GDP and generating millions of jobs by 2030. Learn how these centres are evolving and shaping the future of finance professionals in India.
Key Takeaways
- GCCs are projected to contribute 2% to India's GDP by 2030.
- 2.8 million jobs will be created by GCCs in the same timeframe.
- India's skilled workforce is a key driver of GCC growth.
- Finance roles are expanding beyond traditional boundaries.
- Significant opportunities exist in business partnering and analysis.
New Delhi, July 29 (NationPress) Global Capability Centres (GCCs) are projected to contribute 2% of India’s GDP and create 2.8 million jobs by 2030, according to a report released on Tuesday.
The role of GCCs in India has transformed from mere back-office support to becoming vital global value creators. These centres are now at the forefront of innovation, technology, and research and development for international corporations, as highlighted by the ACCA (the Association of Chartered Certified Accountants) in its latest findings.
These centres significantly enhance India’s economic landscape by promoting service exports and generating high-quality finance positions. They are instrumental in overseeing global operations and collaborating with teams worldwide.
A combination of a skilled workforce, particularly in technology, expansion into tier-II cities, supportive government initiatives, and improved infrastructure are driving India’s ascent as the world's front office, according to the report.
In the fiscal year 2024, GCCs achieved around $64.6 billion in export revenue, reflecting a remarkable 40% increase from $46 billion in FY23.
It is anticipated that 20,000 global leadership roles will be established in India by 2030.
“India presents an ideal ecosystem for GCCs, thanks to our youthful, educated workforce, stable political climate, and capabilities in digital transformation,” stated Md Sajid Khan, Director – India at ACCA.
The demand for finance professionals is surging, especially for those who possess advanced skills, are adept with data and digital tools, and can leverage commercial and critical thinking, he added.
As GCCs continue to develop, finance roles are expanding beyond traditional tasks, evolving from basic transaction-focused accounting to positions that add value through process improvements and cost transformation initiatives.
Key areas of opportunity include business partnering, procurement, reporting, planning, and analysis.
While entry-level positions are concentrated on data analytics, financial planning, and compliance management, mid-level roles are increasingly focused on process enhancements and driving transformations, according to the report.
Point of View
It's evident that Global Capability Centres are not just a trend but a pivotal force in shaping India's economic future. With a focus on innovation and a robust workforce, India is positioned to become a leader in global finance, fostering job creation and growth.
NationPress
31/07/2025
Frequently Asked Questions
What are Global Capability Centres (GCCs)?
Global Capability Centres are entities that provide support in various business functions, evolving from back-office operations to centers of innovation and value creation for global firms.
How much will GCCs contribute to India's GDP by 2030?
GCCs are expected to contribute 2% of India's GDP by the year 2030.
How many jobs will GCCs create by 2030?
It is forecasted that GCCs will generate 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, favorable 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 analysis and digital tools, especially in roles involving process improvements and strategic decision-making.
