‘India’s growing influence in international finance’: GIFT City climbs 3 places in GFCI rankings, now 43rd globally

GIFT City continues to feature among the top 15 financial centres in the Asia-Pacific region and is the only Indian financial centre in the group. It has also been featured among the ‘15 centres likely to become more significant’ globally in the GFCI 38 report.

“As we continue to strengthen our ecosystem and attract global players across banking, insurance, funds, FinTech, and capital markets, GIFT City is poised to anchor India’s ambition of becoming a strategic centre for global finance,” Kaul said.

The 38th edition of the Global Financial Centres Index (GFCI), compiled by the Z/Yen Group, evaluated 135 financial centres worldwide using more than 140 instrumental factors provided by third-party organisations, including the World Bank, Organisation for Economic Co-operation and Development (OECD) and the United Nations.

Mike Wardle, CEO, Z/Yen Group, said, “GIFT City’s advancement in the Global Financial Centres Index reflects the growing confidence in India’s evolving financial ecosystem. Its consistent progress across both overall and FinTech rankings highlights a strong balance of innovation and regulation, positioning it as an increasingly important player in global finance.”

Out of the 135 financial centres, 120 have made it to the mail index. The index assesses financial centres across parameters such as business environment, infrastructure, human capital, financial sector development, and reputational advantage.

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