India's GIFT City rises in 'Global Financial Centres Index 37'

GIFT City also climbed from 45th to 40th in the FinTech ranking, and improved its overall ranking from 52nd to 46th place, making significant strides in establishing itself as a premier international financial centre.

Additionally, India’s first operational smart city also retained its position among the top 15 financial centres in the Asia-Pacific region.

“GIFT City's continued rise in the GFCI rankings is a reflection of India's growing influence in global finance. Our top ranking in Reputational Advantage, significant improvement in FinTech, and strong overall performance reinforce the confidence of global investors and businesses in GIFT City,” said Tapan Ray, Managing Director and Group CEO of GIFT City.

“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,” he added.

GIFT City’s strong performance in the GFCI 37 rankings reflects its growing reputation, investor confidence and its role in driving financial innovation.

The Global Financial Centres Index (GFCI), compiled by Z/Yen Group, 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.

These factors assess financial centres on parameters including business environment, infrastructure, human capital, financial sector development, and overall competitiveness.

"GIFT City continues to progress as an international financial centre, with a particular strength in its business environment, and assisted by the continued development of trade in the Asia/Pacific region." said Mike Wardle, CEO, Z/Yen Group.

As per the GFCI 37 report, 133 financial centres from across the world were evaluated, with 119 making it to the main index.