Gandhinagar, September 18: GIFT City, India’s Global Finance-Tec hub, has advanced nine places to rank 37th globally in the 40th edition of the Global Financial Centres Index (GFCI 40), up from 46th in GFCI 39. The latest ranking also places GIFT City among the top 15 financial centres in the Asia-Pacific region, making it the only Indian centre in this group.
GIFT City has also improved its position in the GFCI FinTech ranking, moving up three places to 26th globally from 29th in GFCI 39. The GFCI report assesses 115 financial centres on their FinTech offering and identifies an innovation-supporting ecosystem, access to finance, skilled talent, the regulatory environment and ICT infrastructure as important elements of a competitive FinTech centre.
GFCI 40 also features GIFT City among the 15 centres expected to become more significant over the next two to three years, based on mentions by respondents to the GFCI survey.
The improvement in the overall and FinTech rankings reflects the continued expansion of GIFT City’s financial services ecosystem and the closer integration of finance, technology and innovation. GIFT City will continue to focus on deepening market participation, strengthening international connectivity and building the capabilities required to support increasingly sophisticated cross-border financial activity.
The report identifies digital infrastructure, including cloud services, data connectivity and cybersecurity resilience; the attraction of FinTech and digital asset businesses; stronger anti-money laundering and financial crime frameworks; and deeper capital markets as priority areas for financial centres over the next five years.
The Global Financial Centres Index combines assessments from financial-sector respondents with quantitative instrumental factors. GFCI 40 draws on 144 instrumental factors and 39,531 assessments from 6,147 respondents to the GFCI online questionnaire.
About Gift City
GIFT City, India’s Global Finance-Tec hub and maiden International Financial Services Centre (IFSC), is a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. As a leading Central Business District (CBD), GIFT City offers significant advantages such as reduced operational costs, favourable tax policies, and a vibrant community, making it the top choice for global and domestic companies in BFSI, IT/ITeS, fintech, international education, and other service sectors.
A ‘Project of National Importance’, GIFT City encompasses office spaces, residential areas, a school, hospital, hotels, clubs, retail outlets, and recreational facilities, creating a truly ‘walk-to-work’ environment. Pioneering innovations and sustainable solutions implemented in GIFT City, such as the District Cooling System, Automated Waste Collection System, and Utility Tunnel, have set new standards in urban development. For Further Information
