Latest news with #Samdani
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
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)
Time of India
31-05-2025
- Health
- Time of India
Docs see rise in dengue & malaria cases as rains arrive early; BMC says no spike
Mumbai: The early onset of rains means the city is battling monsoon illnesses a month earlier than usual, with doctors reporting a noticeable rise in cases of dengue, malaria, typhoid and gastroenteritis. Tired of too many ads? go ad free now "In the last 15 days, I admitted more than a dozen dengue patients, including two needing ICU care," said senior medical consultant Dr Gautam Bhansali from Bombay Hospital. A 70-year-old patient from Dahisar was brought a fortnight ago to the hospital's casualty with high fever and a platelet count of 18,000, compared to the normal range of 1.5 lakh to 4 lakh per microlitre of blood. "She was in shock, a complication of dengue fever, and we feared the dropping platelet count would lead to internal bleeding. Moreover, she had diabetes and hypertension," said Dr Bhansali. A 23-year-old male from Worli was the other ICU patient with a low platelet count of 22,000. Both have since recovered and were discharged from hospital. An uptick in dengue cases is usually noticeable in the last week of June, as patients with very high fever for multiple days and body aches, among other symptoms, seek medical attention. For instance, Mumbai registered 93 dengue cases in June 2024, 535 in July 2024, and 1,013 in Aug 2024. The city witnessed over 5,000 cases throughout 2024, according to BMC statistics. "Dengue cases have started rising early this year because of heavy rain for a few days last week," said Dr Pratit Samdani from Breach Candy Hospital. Cases of malaria and chikungunya are also trickling in. "But there is no full-blown outbreak of these diseases so far," said Dr Samdani. Dr Manjula Agarwal, an internal medicine specialist from Gleneagles Hospital, said apart from dengue and malaria, she is treating patients with typhoid and gastroenteritis, typically seen during the summer month of May when people consume contaminated juices or water. Tired of too many ads? go ad free now Dr Samdani said he treated multiple cases of liver abscess—a complication of consuming contaminated water or food. "These abscesses are caused by amoebic infection and need to be drained," he added. B MC's executive health officer Dr Daksha Shah said the civic public health machinery hasn't noticed any spike in monsoon-related ailments so far. "Dengue is endemic to the city, and cases occur throughout the year." Public health officials insist that dengue incidence seems to have multiplied in the last couple of years due to an increase in the number of sentinel survey centres. Around 1,000 cases of dengue were reported in Mumbai in 2022, but the numbers have increased four to five times since. Health activists, however, blame poor infrastructure in urban areas that leads to breeding of mosquitoes—malaria-causing Anopheles mosquitoes in dirty water and Aedes aegypti mosquitoes in clean water that accumulates on rooftops, flowerpots or discarded tyres.
