India presents a major opportunity for fintech Global Capability Centres (GCCs) to scale innovation by leveraging its skilled workforce and supportive government policies, Finance Minister Nirmala Sitharaman said at the Global Fintech Fest 2025. She highlighted that international financial service leaders can establish, expand, and transform operations from India, helping shape the future of the global financial system.
“Just as the Internet and mobile technologies defined the first chapter of fintech’s growth story, the next chapter is being shaped by AI, blockchain, and intelligent finance,” said the Minister. She noted that India’s more than 1,800 GCCs are leading in technology-driven innovation, influencing financial services worldwide.
The Evolution of India’s GCC Landscape
In the past decade, India’s GCCs have evolved from cost-efficient support hubs into centres of engineering, research, and innovation. This shift is especially visible in the Banking, Financial Services, and Insurance (BFSI) sector, where GCCs now play a strategic role in areas such as digital banking and payments, AI-based credit scoring, regulatory compliance automation, fraud detection, and cybersecurity.
India accounts for 16% of the world’s AI talent, placing it among the top three talent markets globally. Indian professionals are also the second-largest contributors to public generative AI projects on GitHub. According to industry estimates, AI-enabled GCCs could represent 30 to 35% of India’s AI services market revenue by 2028, reinforcing the country’s technological advantage in financial services.
Government Policy Support
The government continues to enhance the ecosystem for GCCs through innovation-friendly regulations, operational efficiency policies, and incentives to attract global financial service leaders. These initiatives aim to strengthen India’s position as a preferred global hub for fintech GCCs, driving advanced research and innovation.
India’s fintech GCC sector is entering a new era powered by AI, blockchain, and a deep talent pool. Finance Minister Nirmala Sitharaman’s remarks underscore the country’s rise as a strategic hub for global financial innovation. Additionally, record-breaking valuations from the Raidurg land auction highlight the growing influence of GCCs and IT firms in shaping Hyderabad’s commercial real estate landscape, supported by strong policy measures and infrastructure growth.
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