Mumbai: A new report by the Association of Chartered Certified Accountants (ACCA) has revealed a significant upsurge in finance roles in GCCs (Global Capability Centres), as these hubs rapidly evolve into strategic contributors to India’s economy.
With GCCs projected to generate 2.8 million jobs and contribute 2% to India’s GDP by 2030, the demand for highly skilled finance and accountancy professionals is surging.
Once primarily back-office units, GCCs in India now spearhead innovation, R&D, and enterprise-wide transformation for global corporations. In FY24, India’s GCCs generated $64.6 billion in services export revenue – up from $46 billion in FY23 – marking a 40% year-on-year increase.
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ACCA’s report highlights how this exponential growth is opening up dynamic opportunities in finance functions, especially in areas such as FP&A, data analytics, reporting, procurement, and compliance.
“India’s young, digitally adept workforce and stable business environment have created the perfect foundation for GCC expansion,” said Md Sajid Khan, Director – India, ACCA.
“With their global exposure and cutting-edge finance training, ACCA-qualified professionals are uniquely positioned to thrive in this evolving landscape.”
Finance Roles in GCCs: Value Creating Responsibilities
Report notes that finance roles in GCCs are increasingly moving beyond transactional accounting to value-creating responsibilities like cost transformation and business partnering. Entry-level positions are now more analytics and compliance-driven, while mid-level professionals are tasked with process improvement and strategic planning.
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Finance professionals must master a hybrid skill set – combining domain knowledge, digital fluency, commercial acumen, and cross-functional collaboration. This demand is fuelling the rise of finance roles in GCCs and internationally recognized finance qualifications such as ACCA.
“Strategic leadership, cultural agility, and alignment with parent companies are critical to the success of GCCs,” said Pooja Chaudhary, Policy and Insights Lead, ACCA India.
“India must now adopt a unified GCC growth strategy – integrating regulatory reforms, skill development, and academic partnerships to sustain its competitive edge.”
The report urges policymakers and private stakeholders to collaborate more closely, ensuring a robust ecosystem that fosters innovation, builds future-ready talent, and sustains India’s global leadership in the GCC domain.
