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Banks and other global capability centres are automating routine tasks once handled by fresh graduates, intensifying competition for entry-level jobs in India's tech sector
Employees on their first day of work at Citis Global Capability Center in Pune, Maharashtra | Image: Bloomberg
Bloomberg 9 min read Last Updated : Oct 08 2026 | 9:59 AM IST
Purva Jagtap graduated from her engineering college in India this year with a degree she expected would land her a dream job at a tech hub, perhaps one run by a big Wall Street bank. Her family had paid about $5,640 in tuition, twice the average annual salary in the country, hoping it would launch her corporate career.
Instead, the 22-year-old is spending her days applying for jobs and competing with thousands of other graduates for entry-level roles that India’s so-called Global Capability Centers once minted by the millions. Artificial intelligence is rapidly changing that equation.
Inside the glass towers of GCCs in Bengaluru, Hyderabad and Pune, banks like JPMorgan Chase & Co. and Goldman Sachs Group Inc. are automating much of the work that once formed the bottom rung of the tech ladder: checking loan documents, reconciling accounts, writing basic code and invoicing. “I am worried that AI might reduce the number of entry-level jobs because it can do many things faster,” said Jagtap, who graduated from DY Patil University.
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