ANI
14 Jul 2025, 16:35 GMT+10
New Delhi [India], July 14 (ANI): Global Capability Centers have the potential to contribute USD 0.5 trillion as gross value added to the Indian economy when the country's GDP edges towards USD 10 trillion, employing about 20-25 million people, Gunjan Samdani, Co-Chairman of Goldman Sachs in India, said on Monday. India will have tremendous opportunities as the world navigates geopolitics, he said, speaking at the CII GCC Summit. '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. India's demographic dividends, leading STEM graduates, and talented AI skills supported by the AI Mission are expected to work in India's favour. Artificial Intelligence represents the most compelling disruption opportunity in today's evolving global economic landscape, with global technology spending projected to exceed USD 4.92 trillion by 2025, according to Gunjan Samdani. Addressing industry leaders at the Confederation of Indian Industry event, Samdani outlined a few critical factors reshaping the global economic context, with AI-driven transformation at the forefront of a new wave of digital infrastructure development. The Goldman Sachs executive highlighted India's exceptional positioning in the global economic realignment, describing the country as a 'bright spot' projected to become a USD 10 trillion economy within the next decade. This generational opportunity comes at a time when global markets are navigating complex challenges, including trade rebalancing, supply chain realignment, and geopolitical tensions. 'India remains strategically positioned to capitalise on multiple global trends simultaneously,' Samdani emphasised, pointing to the country's demographic advantages and technological capabilities as key differentiators in the evolving economic landscape. The Global Capability Centers (GCC) sector, which has evolved from traditional cost-saving back offices to innovation hubs driving AI, automation, and digital transformation, stands to benefit significantly from these global trends. Industry estimates suggest that GCCs are no longer just supporting global businesses but are actively shaping the strategic direction for multinational corporations. Going by definition, GCCs are offshore facilities set up by multinational corporations to manage a variety of business functions and processes for their parent organisations. (ANI)
Get a daily dose of Cardiff Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.
More InformationLONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
Dubai [UAE], July 14 (ANI): West Indies skipper Hayley Matthews on Monday surpassed South Africa's Tazmin Brits and her teammate Afy...
by Xinhua writer Zhang Yunlong BEIJING, July 14 (Xinhua) -- As temperatures climb across China, its film market is also heating up,...
London [UK], July 14 (ANI): India's right-arm seamer Mohammed Siraj has been penalised 15 per cent of his match fee after a breach...
London [UK], July 14 (ANI): Ahead of Day 5 of the third Test between India and England at Home of Cricket, the Indian team is in a...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...