Big Take Wall Street Speeds Up India Expansion
Nov 11, 2025
Siddhi Nayak, a Bloomberg finance reporter in Mumbai, dives into the booming job market for Wall Street banks in India. She highlights a major shift from traditional call center roles to high-skill positions in tech and finance. With projections of 2.8 million jobs in Global Capability Centers by 2030, India is becoming a hotbed for talent. The new H-1B visa fee is pushing banks to consider more recruitment in India, reshaping not only hiring strategies but also impacting the economy and job opportunities for many.
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India Runs Mission-Critical Banking Work
- Global banks now run core finance and risk systems from India, not just call centers.
- Firms shifted from low-skill support to mission-critical tech and analysis roles over the last decade.
Talent Supply Keeps The Boom Growing
- India produces large volumes of tech graduates, sustaining the GCC boom.
- Colleges and tech centers feed a steady, low-cost talent pipeline that banks leverage.
India Built Key Banking Technologies
- Bloomberg sources say India's GCCs built major U.S. payment and trading tech.
- Technologies like Zelle, Aladdin and Goldman's Atlas had crucial development work done in India.