GIFT City Storms into the Global Elite: Now a Top 50 Financial Hub: Details

Gujarat International Finance Tec-City (GIFT City) has reached a significant milestone by figuring among the Top 50 Financial Centres worldwide, marking a prominent development in India’s ascent as a global financial powerhouse.

India's first International Financial Services Centre (IFSC), GIFT City, has climbed to the 46th position in the latest edition of the Global Financial Centres Index (GFCI), improving from its previous rank of 52nd.

"Prime Minister Narendra Modi ’s vision for GIFT City has propelled India’s financial hub to international recognition, as reflected in its rankings in the latest Global Financial Centres Index (GFCI)," stated a tweet from MyGovIndia.

The tweet highlighted key achievements of GIFT City, including:
a) Ranked 46th in the Global Financial Centres Index
b) 40th place in Global FinTech rankings
c) Home to over 550 financial firms, driving economic growth
d) $20 billion invested to fuel future development

The GFCI, published biannually by Z/Yen and the City of London since 2007, evaluates the competitiveness of financial centres globally. The 37th edition of the index underscores GIFT City's increasing prominence on the world stage.

GIFT City provides a world-class business ecosystem with state-of-the-art infrastructure for financial services, commercial activities, and integrated residential and social development. Its key advantages include lower operational costs, a business-friendly environment, attractive tax policies, access to top talent with low attrition rates, and a high quality of life.

These factors make GIFT City an ideal destination for leading international and domestic companies in the BFSI (Banking, Financial Services, and Insurance), IT/ITeS, and other service sectors looking to establish operations in India.