GIFT City tops GFCI rank in India, ahead of Mumbai and Delhi

In the rankings by the commercial thinktank Z/Yen Group, all three financial hubs have improved their positions compared to the earlier index. The GFCI evaluates financial hubs worldwide based on 140 instrumental factors provided by “third-party organisations such as the World Bank, Organisation for Economic Co-operation and Development (OECD), and the United Nations”, a statement from GIFT City said.

In the FinTech rankings, for which 119 financial centers were evaluated, CIFT City climbed from 45th to 40th, the statement said.

Managing Director and Group CEO of GIFT City, Tapan Ray, was quoted as saying, “GIFT City’s continued rise in the GFCI rankings is a reflection of India’s growing influence in global finance. We remain committed to enhancing our ease-of-doing business, infrastructure, regulatory framework, and talent ecosystem to position GIFT City as a leading international financial hub.”