Gujarat International Finance Tec-City (GIFT City) announced on Wednesday that it has made progress across several categories in the latest Global Financial Centres Index (GFCI 37), securing the top position in the ‘Reputational Advantage’ category.
The city also saw notable improvement in its FinTech standing, jumping from 45th to 40th place.
Its overall ranking moved up six spots from 52nd to 46th, further cementing its growing presence on the global financial map.
India’s first smart city maintained its standing among the top 15 financial hubs in the Asia-Pacific region, demonstrating regional strength and continued momentum.
Tapan Ray, Managing Director and Group CEO of GIFT City, stated, “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.”
“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 further added.
The latest GFCI report credits GIFT City’s progress to increasing investor trust, a stronger reputation, and its contributions to financial innovation.
The Global Financial Centres Index, developed by the Z/Yen Group, ranks financial hubs based on 140 factors drawn from sources like the World Bank, OECD, and United Nations.
These inputs measure key elements such as the business climate, infrastructure, workforce quality, financial services growth, and competitiveness.
Z/Yen Group Comments On GIFT City
Mike Wardle, CEO of Z/Yen Group, noted, “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.”
According to GFCI 37, a total of 133 global financial centers were reviewed, with 119 securing positions in the main index.
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