India is projected to achieve a significant economic milestone, becoming a USD 10 trillion economy within the next decade. Global Capability Centers (GCCs) are expected to play a crucial role in this growth, contributing an estimated USD 0.5 trillion as gross value added to the Indian economy and generating employment for approximately 20-25 million people.
This optimistic outlook was shared by Gunjan Samdani, Co-Chairman of Goldman Sachs in India, during the CII GCC Summit. Samdani emphasized India’s robust position in the global economic landscape, highlighting that a substantial 65% of global growth between now and 2035 is anticipated to originate from emerging markets, with India leading as the fastest-growing economy among them.
“65 per cent of the global growth between now and 2035 will come from emerging markets, and India…is a bright spot. We will be the fastest growing economy in the world, and will become a USD 10 trillion economy in the next decade,” the Goldman Sachs executive said at the Summit.
Key factors underpinning India’s accelerated growth trajectory include its favorable demographic advantages, a burgeoning pool of leading STEM graduates, and rapidly developing AI skills.Â
The GCC sector, in particular, has evolved remarkably, transforming from conventional back-office operations into dynamic innovation hubs that actively shape the strategic direction for multinational corporations. This evolution further solidifies their pivotal contribution to India’s economic ascent.
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