Latest news with #GunjanSamdani
Canada News.Net
15-07-2025
- Business
- Canada News.Net
India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion: Goldman Sachs executive
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 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)
Time of India
14-07-2025
- Business
- Time of India
GCCs in growth spotlight: Goldman Sachs says India will hit $10 trillion GDP in 10 years; global capability centres to add $0.5 trillion
India's Global Capability Centres (GCCs) could contribute as much as $0.5 trillion to the country's gross value added (GVA) over the next decade, as India advances toward becoming a $10 trillion economy, a top Goldman Sachs executive said on Monday. Gunjan Samdani, Co-Chairman of Goldman Sachs India, said the GCC sector is expected to directly employ 20–25 million people in the coming years, underscoring its central role in shaping the country's economic future. He was speaking at the Confederation of Indian Industry's (CII) GCC Summit, ANI reported. "Sixty-five 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 $10 trillion economy in the next decade," Samdani said. He noted that India is well-positioned to benefit from shifting geopolitical and economic dynamics globally, including supply chain realignment, trade rebalancing and increased technology spending. The country's demographic advantage, deep STEM talent pool, and rising capabilities in artificial intelligence (AI) — backed by the national AI Mission — would help India tap these opportunities effectively, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You Won't Believe the Price of These Dubai Apartments Binghatti Developers FZE Get Offer Undo 'India remains strategically positioned to capitalise on multiple global trends simultaneously,' Samdani said, adding that artificial intelligence represents the most compelling disruption opportunity in today's evolving economic landscape. According to Samdani, global technology spending is expected to surpass $4.92 trillion by 2025, driven by AI-led digital infrastructure development. India, he said, has the potential to emerge as a major hub in this transformation, with GCCs acting as key players. The role of GCCs has evolved significantly over the years — from low-cost support centres to innovation engines that drive AI, automation and digital transformation for multinational corporations. These centres, typically offshore hubs set up by MNCs to run core business functions and services, are now helping shape strategic direction and innovation agendas for their parent companies. As a result, they are emerging as major contributors not just to the Indian economy, but also to the future of global enterprise operations, industry experts said. The remarks come amid renewed government efforts to scale up the GCC ecosystem beyond India's traditional tech hubs and drive deeper integration with emerging technologies and talent across tier-2 and tier-3 cities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
14-07-2025
- Business
- Economic Times
India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion
ANI Global Capability Centers have the potential to contribute $0.5 trillion as gross value added to the Indian economy when the country's GDP edges towards $10 trillion, employing about 20-25 million people, Gunjan Samdani, co-chairman of Goldman Sachs in India, said on 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 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 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, Samdoutlined 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 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 by definition, GCCs are offshore facilities set up by multinational corporations to manage a variety of business functions and processes for their parent organisations. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The 10-second mystery: Did the Air India crash report hide more than what it revealed? Can Indian IT's 'pyramid' survive the GenAI shake-up? Zee promoters have a new challenge to navigate. And it's not about funding or Sebi probe. The deluge that's cooling oil prices despite the Iran conflict Stock Radar: Natco Pharma stock showing signs of momentum after falling over 30% from highs – what should investors do? In mid-caps, 'just hold' often creates wealth: 10 mid-cap stocks from different sectors with upside potential up to 44% F&O Talk | Foreign outflows, IT drag pull nifty lower; next support at 24,500: Rahul Ghose How to use dividend yield in volatile times: 6 stocks where this strategy has a high chance of giving much better returns
India Gazette
14-07-2025
- Business
- India Gazette
India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion: Goldman Sachs executive
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 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)
