Current Affairs - Finance - Discussion

JP Morgan announced its plan to establish Asia’s largest Global Capability Centre in India, marking a significant milestone in the country’s global services landscape. The centre will be located in Powai, Mumbai, spread across 2 million square feet, and is expected to employ around 30,000 people by 2029. This move highlights India’s growing importance as a hub for banking, financial services, and technology-driven operations. It also reflects global corporations’ confidence in India’s skilled workforce, cost efficiency, and robust digital ecosystem, further strengthening the nation’s position in global finance.