GIFT City Climbs Global Financial Centres Index, Strengthens Position As Emerging Hub

Gujarat International Finance Tec-City has improved its standing in the latest Global Financial Centres Index, bolstering its status as a key financial hub.

According to a statement released on Wednesday, GIFT City secured the top rank in reputational advantage, climbed from 45th to 40th place in the fintech category, and improved its overall ranking from 52nd to 46th. It also retained its position among the top 15 financial centres in the Asia-Pacific region.

The GFCI, compiled by Z/Yen Group, assesses global financial hubs based on 140 instrumental factors provided by organisations such as the World Bank, OECD, and the United Nations. The latest index evaluated 133 financial centres worldwide, with 119 making it to the main ranking.

"GIFT City's continued rise in the GFCI rankings reflects India’s growing influence in global finance," said Tapan Ray, managing director and Group CEO of GIFT City. "Our top ranking in reputational advantage, significant improvement in fintech, and strong overall performance reinforce global investor confidence in GIFT City."

As India's first operational International Financial Services Centre and smart city, GIFT City has been positioning itself as a preferred destination for global finance, fintech and offshore banking.

(With inputs from PTI)