New Delhi
India is on track to become a USD 10 trillion economy within the next decade, and Global Capability Centers (GCCs) are expected to play a major role in this growth, said Gunjan Samdani, Co-Chairman of Goldman Sachs India, at the CII GCC Summit. He noted that GCCs could contribute around USD 0.5 trillion in gross value added to the Indian economy, while creating 20–25 million jobs.
Samdani said India is well-positioned globally, thanks to its young population, large number of STEM graduates, and strong talent pool in AI—especially under the government’s AI Mission. As global technology spending is projected to cross USD 4.92 trillion by 2025, AI will be a major growth driver for India.
Speaking at the Confederation of Indian Industry event, Samdani highlighted that 65% of global growth through 2035 will come from emerging markets, with India expected to be the fastest-growing economy. He described India as a bright spot amid global uncertainty, including geopolitical tensions, trade shifts, and supply chain rebalancing.
Samdani emphasised that India is uniquely placed to benefit from global changes, especially with the evolving role of GCCs. These centers have moved beyond cost-saving operations and are now innovation hubs leading AI, automation, and digital transformation. Once seen as support units, today’s GCCs are shaping the strategies of global companies.
Defined as offshore units set up by multinationals to handle core business functions, GCCs are now at the forefront of India’s digital and economic transformation, aligning well with the country’s long-term growth trajectory.