A new report from the Association of Chartered Certified Accountants (ACCA) highlights how India’s global capability centres (GCCs) are boosting economic growth by driving services exports and creating finance and accountancy jobs.
GCCs in India are transforming from back-office support hubs to global value creators, leading innovation and technological advancements for international corporations, the association said.
These centres are expected to contribute 2% of India’s GDP and generate 2.8 million jobs by 2030.
In FY24, GCCs generated approximately $64.6bn in export revenue, a 40% increase from $46bn in FY23.
By 2030, 20,000 global leadership roles are projected to be based in India.
The growth is supported by a skilled workforce, expansion into tier-II cities, favourable government policies, and improving infrastructure.
As GCCs mature, finance roles are evolving beyond traditional boundaries to focus on process improvement and cost transformation initiatives.
Opportunities are expanding in business partnering, procurement, reporting, planning, and analysis.
Entry-level roles now focus on data analytics, FP&A, and compliance management, while mid-level roles drive process improvements and transformation.
ACCA said that finance professionals need to develop higher skills and capabilities, including an understanding of finance functions, comfort with data and digital tools, and the ability to collaborate with global teams.
Successful collaboration among state and non-state actors is crucial to managing risks and maximising momentum, it added.
India requires a comprehensive GCC strategy supported by policymakers to promote innovation, create skilling initiatives, and streamline regulations.
ACCA policy and insights lead for India and report author Pooja Chaudhary said: “The report highlights the factors driving GCC success in India and what’s needed to sustain it. Strong leadership, cross-cultural talent, and collaboration between global and local teams are key to running a successful GCC.
“As GCCs take on more strategic roles, they must work with policymakers to streamline regulation and partner with academia to bridge skill gaps while continuing to create value through innovation and alignment with the parent organisation.”
Earlier in July 2025, ACCA published a report on AI implications for the accountancy sector, highlighting the need for finance teams to adapt to new roles and responsibilities.
The AI Monitor report suggests that AI will transform the accountancy profession by changing task execution at all levels.
