Global BFSI Market to Hit $25.7 Trillion by FY26, India's GCCs to Lead Growth
29 MAY 2025 / 2 min read
The global Banking, Financial Services, and Insurance (BFSI) market is projected to reach $25.7 trillion by the close of fiscal year 2025-26, with India's Global Capability Centers (GCCs) playing a pivotal role in driving this growth, according to a report by Inductus GCC.
This growth is largely driven by India's emergence as a strategic nucleus for global BFSI operations, thanks to its robust fintech ecosystem, cost-competitive talent pool, and the accelerating role of GCCs in cities like Bengaluru, Mumbai, and Hyderabad.
India's fintech market, in particular, is expected to reach $83.48 billion by 2025, while the BFSI security market is forecasted to hit $220.97 billion by 2034, with the country's fintech ecosystem playing a crucial role in reshaping global finance.
This ecosystem is characterized by over 2,000 fintech startups and the highest real-time payment volumes globally via UPI, making India an attractive hub for multinational financial institutions. Moreover, collaborations between global BFSI firms and India's GCCs yield cost reductions of around 40%, further solidifying India's position as a key contributor to the BFSI sector.
The Asia-Pacific region is highlighted as the principal driver of BFSI sector expansion, with India at the forefront of this growth. Major BFSI GCCs in India, including Goldman Sachs and JPMorgan Chase, leverage the country's talent pool, cost advantages, digital infrastructure, and regulatory stability to drive global initiatives in areas such as algorithmic trading, risk management, and regulatory technology.
India's regulatory environment is notable for balancing innovation with compliance, allowing for the development of innovative financial solutions, particularly in Bengaluru, which is home to skilled professionals creating cutting-edge financial solutions.
The report also provides a comprehensive review of regional BFSI growth outlooks across the United States, European Union, United Kingdom, Japan, China, and India, analyzing economic forecasts, regulatory frameworks, monetary policies, and technological innovation in these markets. This analysis underscores India's critical position in the global BFSI landscape, with the country's BFSI sector poised for significant growth and innovation in the coming years.
