GFCI 40: GIFT City Climbs to 37th Rank Globally
Why in the news
The 40th Global Financial Centres Index put GIFT City in 37th place worldwide, a notable jump for India’s international finance hub.
Key facts
- Publishers: Z/Yen Partners (London) with the China Development Institute (Shenzhen).
- Frequency: biannual, every March and September.
- Coverage: 139 centres researched (117 main, 22 associates).
Rankings in GFCI 40
| Centre | Rank |
|---|---|
| New York | 1 (retained top spot) |
| London | 2 |
| Hong Kong | 3 |
| Singapore | 4 |
| GIFT City | 37 |
| Mumbai | 49 |
| Delhi | 56 |
About GFCI
- Ranks centres on competitiveness using indicators and professional assessments.
- Five areas: Business Environment, Human Capital, Infrastructure, Financial Sector Development, Reputation.
About GIFT City
- Gujarat International Finance Tec-City at Gandhinagar; India’s first IFSC.
- Regulator: IFSCA, set up in 2020 under the IFSCA Act, 2019.
- Hosts NSE IX and India INX; a BRICS Risk Lab is proposed there.
Exam angle
- Rank of GIFT City: 37th, up 9 places.
- Regulator of IFSCs: IFSCA (2020; Act of 2019).
- Exchanges at GIFT City: NSE IX and India INX.
- Index schedule: March and September.