BFSI Market to Hit $25.7 Trillion by 2026, India GCCs Leading Growth
New Inductus report forecasts global BFSI market growth to $25.7T by 2026, with India’s GCCs playing a critical role in innovation and cost efficiency.
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Inductus GCC, a premier enabler of Global Capability Centers (GCCs) in India, published a detailed report titled *Business Case for BFSI Industry FY 2025-26*. The study projects the global Banking, Financial Services, and Insurance (BFSI) market will expand to USD 25.7 trillion by the close of fiscal year 2025-26. It highlights India’s increasing significance as a preferred hub for BFSI GCC operations driving this growth.
The report provides a thorough examination of the shifting market trends and technological progress that are transforming financial services worldwide. It identifies the Asia-Pacific region as the principal driver of BFSI sector expansion. Within this landscape, India emerges as a key contributor, propelled by a rapidly growing fintech market expected to reach USD 83.48 billion by 2025.
India’s fintech ecosystem plays a pivotal role in reshaping global finance. The sector is poised for notable growth, with the BFSI security market forecasted to hit USD 220.97 billion by 2034. India also processes over half of the world’s real-time payments, underlining its critical position. Bengaluru stands at the center of this transformation, home to skilled professionals creating innovative financial solutions. Collaborations between global BFSI firms and India’s GCCs not only yield cost reductions of around 40% but also foster advancements in emerging areas such as RegTech, InsurTech, and decentralized finance.
Inductus CEO and Founder, Alouk Kumar, highlighted the report’s key insights, stating, “Innovation-driven research and development has become indispensable for banking’s future. India’s leadership in processing 50 per cent of global cross-border real-time payments underlines its fintech strength. Inductus GCC supports banks in cutting costs by 40 per cent while accelerating their digital transformation through specialized capability centers.”
The study also reviews regional BFSI growth outlooks across the United States, European Union, United Kingdom, Japan, China, and India. It analyzes economic forecasts, regulatory frameworks, monetary policies, and technological innovation in these markets. Major BFSI GCCs in India, including Goldman Sachs and JPMorgan Chase, are highlighted for leveraging the country’s talent pool, cost advantages, digital infrastructure, and regulatory stability to drive global initiatives in algorithmic trading, risk management, and regulatory technology.
