GIFT City Advances in Global Financial Centres Index, Strengthening Its Status as a Leading Financial Hub
New Delhi, March 26, 2025 — Gujarat International Finance Tec-City (GIFT City), India’s pioneering operational smart city and the country’s first International Financial Services Centre (IFSC), has achieved notable progress in the latest Global Financial Centres Index (GFCI 37). The advancement highlights GIFT City’s growing prominence as an emerging global financial hub.
According to a statement released on Wednesday, GIFT City climbed several positions across key categories in the global index. The city secured the top rank in the reputational advantage category and advanced from 45th to 40th place in the fintech rankings. Moreover, its overall standing improved significantly, rising from 52nd to 46th position among financial centres worldwide. The city continues to maintain its placement among the top 15 financial centres within the Asia-Pacific region.
The GFCI is a comprehensive benchmark compiled by the London-based research group Z/Yen, assessing 133 financial centres globally based on 140 indicators. These indicators incorporate data from reputable third-party organizations, including the World Bank, Organisation for Economic Co-operation and Development (OECD), and United Nations, providing an objective evaluation of financial hubs’ competitiveness and appeal.
Tapan Ray, Managing Director and Group CEO of GIFT City, expressed optimism about the latest results, stating, "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 improvements in fintech, and strong overall performance reinforce the confidence of global investors and businesses in GIFT City as a premier financial destination."
The rise in GIFT City’s ranking underscores the success of India’s efforts to develop world-class financial infrastructure and policy frameworks designed to attract global capital and foster innovation within financial services. The city’s achievements in fintech, a critical driver of modern financial markets, signal its readiness to compete with established international financial centres.
As GIFT City progresses on this upward trajectory, it is poised to contribute further to India’s financial ecosystem and support the country’s ambition to become a leading participant in the global financial landscape.
About GIFT City
GIFT City is India’s first operational smart city built to serve as a multi-service International Financial Services Centre. Designed to attract financial services firms with competitive taxation, regulatory incentives, and world-class infrastructure, GIFT City aims to promote financial innovation and international business within India.
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