Global Capability Centres (GCCs) in India are playing a major role in shaping the country’s economic future by creating high-value jobs in finance and contributing significantly to its GDP. According to a new report by a global accounting body, GCCs are expected to account for 2 percent of India’s GDP and create 2.8 million jobs by 2030.
GCCs have moved beyond their traditional role as back-office support hubs. They now lead innovation, technology development, and research for global businesses. Their growing importance is being supported by India’s strong talent pool, especially in technology, expanding presence in tier II cities, better infrastructure, and favourable policies.
In FY24, GCCs generated approximately 64.6 billion dollars in export revenue, showing a 40 percent increase from 46 billion dollars in FY23. It is projected that by 2030, around 20,000 global leadership roles will be based in India.
Md. Sajid Khan, Director for India at a global accountancy organisation, said, “India is the ideal environment for GCCs thanks to our young, educated workforce, politically stable business environment and digital transformation capabilities.” He added that the demand for skilled finance professionals is growing rapidly, especially those who understand digital tools, finance functions and have critical thinking abilities.
Finance roles within GCCs are also changing. While entry-level jobs focus on data analysis, compliance, and financial planning, mid-level roles are taking on transformation initiatives and process improvements. Professionals now need to go beyond transaction-based work and contribute to business value through cost optimisation and strategic planning.
To succeed in this global setting, finance professionals need a strong mix of technical knowledge and soft skills, including industry understanding, digital literacy, business insight, and global communication abilities.
The report’s author, Pooja Chaudhary, Policy and Insights Lead for India at the same global organisation, said, “The report highlights the factors driving GCC success in India and what’s needed to sustain it. Strong leadership, cross-cultural talent, and collaboration between global and local teams are key to running a successful GCC.”
To maintain momentum, collaboration between government and private sectors is crucial. India also needs a focused national GCC strategy that supports innovation, promotes skill development, and simplifies regulations.
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