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India is on track to become a USD 10 trillion economy within the next ten years, with Global Capability Centers (GCCs) projected to contribute USD 0.5 trillion in gross value added, according to Gunjan Samdani, Co-Chairman of Goldman Sachs India. Speaking at the CII GCC Summit, Samdani outlined that GCCs could generate employment for 20-25 million people in the coming decade. He noted that 65% of global growth until 2035 will emerge from developing nations, with India leading the momentum due to its demographic advantage, highly skilled STEM workforce, and AI readiness backed by national policy initiatives. As global technology spending rises, AI and digital transformation are expected to drive both global and Indian economic reconfiguration.
India is expected to become a USD 10 trillion economy over the next decade, with Global Capability Centers (GCCs) contributing approximately USD 0.5 trillion in gross value added, said Gunjan Samdani, Co-Chairman of Goldman Sachs India. He added that these centers could generate employment for as many as 20 to 25 million people in the country, reinforcing their significance in shaping India's economic trajectory. Advertisement
Speaking at the Confederation of Indian Industry's GCC Summit, Samdani stated that emerging markets would account for 65% of global economic growth between now and 2035, and identified India as one of the primary drivers of that expansion. He said India is set to become the fastest-growing economy globally and described it as a "bright spot" in the realigned global order.
He emphasized that India's economic outlook is strongly supported by its young population, world-class STEM graduates, and skilled workforce in artificial intelligence, all of which are strengthened by ongoing national missions designed to accelerate AI development.
Samdani highlighted artificial intelligence as the most significant disruption shaping the global economy, pointing out that global technology spending is projected to exceed USD 4.92 trillion by 2025. He said this wave of AI-led innovation is leading to the creation of new digital infrastructure and redefining competitiveness across industries.
During his address to industry leaders, Samdani also drew attention to the broader geopolitical and economic shifts influencing the global landscape. These include trade restructuring, supply chain diversification, and the impact of geopolitical tensions, all of which are triggering strategic realignments where countries like India are well-placed to gain.
He stated that India is strategically positioned to tap into several global trends simultaneously, citing its technological depth, digital readiness, and policy direction as differentiators in the global economic narrative.
The GCC sector in India, once perceived as an outsourcing or cost-saving setup, has undergone a fundamental transformation. Today, these centers function as innovation engines that actively influence business strategy and digital transformation for global corporations. Samdani noted that GCCs are no longer just support hubs but are central to driving automation, AI, and long-term decision-making for multinational companies.
By definition, GCCs are offshore operations established by multinational enterprises to manage and optimize various business processes and functions for their parent organisations. In India, their growth story has mirrored the country's broader shift from a service-driven model to becoming an innovation-led economic powerhouse.
Source: ANI
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