India to Become $10 Trillion Economy by 2035, GCCs to Add $0.5 Trillion

India is poised to achieve a major economic milestone by reaching a $10 trillion GDP within the next decade, driven significantly by the innovation and contribution of Global Capability Centres (GCCs), which are expected to generate $0.5 trillion in gross value added and create over 20 million jobs, as per Gunjan Samtani, co-chairman of Goldman Sachs in India.

GCCs to Power India’s $10 Trillion Economic Ambition

Global Capability Centres are transforming India's economic landscape. Once known for back-office functions, they now serve as global innovation hubs offering services in artificial intelligence, automation, and digital capabilities to multinational corporations. As India's GDP approaches the $10 trillion mark by 2035, GCCs are projected to contribute $0.5 trillion in gross value added, while employing 20 to 25 million people, according to Goldman Sachs. 

Technology and Talent as Core Economic Drivers

India’s strength in science, technology, engineering, and mathematics (STEM) education, combined with a growing pool of artificial intelligence talent, is positioning the country as a global technology leader. The National AI Mission is accelerating tech development, enabling companies to leverage India’s human capital advantage as global tech spending is expected to exceed $4.92 trillion by 2025.

Strategic Edge Amid Geopolitical Shifts

With rising global trade tensions, supply chain recalibrations, and economic realignments, India’s strategic location and demographic prowess offer a strong platform for scalable growth. The country is seen as a key contributor, especially in a world where 65% of upcoming global growth is expected to be led by emerging markets.

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GCC Evolution Shaping MNC Strategies

GCCs are no longer limited to support roles. Many now actively influence strategic decisions within multinational corporations. By fostering digital transformation initiatives, Indian GCCs are becoming central to their parent firms’ competitive advantages, further integrating India into global value chains while boosting local job creation and economic development.

Conclusion

India’s path to becoming a $10 trillion economy by 2035 hinges on leveraging its tech talent, demographic strengths, and the expanding role of GCCs. With $0.5 trillion in value contribution and millions of jobs on the horizon, GCCs are set to become a cornerstone of India’s economic future.

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