India’s Global Capability Centres Set to Reach 5,000; ICAI Hosts Inaugural Summit
The Institute of Chartered Accountants of India has introduced certification courses tailored to global markets to support the growth of the GCC sector.
30 JUNE 2025 / 2 min read
India is poised to become home to 5,000 global capability centres (GCCs) in the next two years, driven by the country's robust digital systems, stable regulatory frameworks, and skilled workforce. The Institute of Chartered Accountants of India (ICAI) recently hosted its first-ever GCC Summit 2025 in Delhi, bringing together over 500 leaders from the GCC, finance, and technology sectors.
The summit, themed 'From Ledgers to Global Leadership,' aims to foster dialogue, innovation, and actionable insights to drive the growth of India's GCC sector. According to Mahaveer Singhvi, Joint Secretary, Ministry of External Affairs, Indian chartered accountants are seen as “custodians of trust” in the evolving business ecosystem.
Key highlights of India's GCC sector include the fact that India currently accounts for more than 50% of all GCCs being set up globally, with over 1,700 GCCs already operational and serving more than 1,000 global corporations, employing around 2 million professionals in India, with this number expected to increase significantly in the coming years. GCCs are also expected to bring in over US$100 billion in export earnings by 2030. To support the growth of the GCC sector, ICAI has introduced certification courses tailored to global markets and created a system to train and place chartered accountants in GCCs.
The ICAI plans to conduct similar summits in Ahmedabad, Mumbai, and Hyderabad in the coming months, providing chartered accountants with opportunities to learn from industry leaders and gain insights into future trends. The institute aims to attract fresh talent and address gaps in the profession through these initiatives.
India's emergence as a hub for GCCs is driven by its rigorous training ecosystem, abundant talent pool, and government support. With the number of GCCs expected to surpass 5,000 in the next two years, India is set to become an even more prominent player in the global business services industry.
