GIFT City Advances in Global Financial Centre Rankings, Enhancing 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 first International Financial Services Centre (IFSC), has recorded notable improvements in the latest Global Financial Centres Index (GFCI 37). These advancements further solidify its standing as an emerging global financial hub.
According to the recent GFCI 37 report, compiled by the Z/Yen Group, GIFT City has made significant strides across key evaluation categories. The financial cluster climbed from 45th to 40th place in the fintech ranking and improved its overall position from 52nd to 46th among global financial centres. Additionally, GIFT City has maintained its status within the top 15 financial centres in the Asia-Pacific region.
The Global Financial Centres Index assesses 133 financial locations worldwide, with 119 making it to the main index. Rankings are determined based on 140 instrumental factors sourced from credible third-party organizations including the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the United Nations. These factors encompass various dimensions such as business environment, infrastructure, human capital, reputation, and financial sector development.
GIFT City’s top rank in the reputational advantage category stands out as a testament to its growing global recognition. This reflects increasing confidence from international investors and businesses, showcasing the city’s strengthening appeal as a venue for financial services, fintech innovation, and economic activity.
Tapan Ray, Managing Director and Group CEO of GIFT City, said, “GIFT City’s continued rise in the GFCI rankings is a reflection of India’s expanding influence in global finance. Our strong showing in reputational advantage, notable improvements in fintech, and robust overall performance underline the growing trust and interest among global investors and enterprises.”
As India’s premier smart city designed to foster financial services innovation and international business, GIFT City is strategically positioned to benefit from ongoing reforms and its business-friendly ecosystem. The rise in rankings underlines the successful measures taken to establish a competitive financial hub that caters to both domestic and international stakeholders.
About GIFT City
GIFT City is India’s first operational smart city and International Financial Services Centre located in Gujarat. It offers advanced infrastructure, regulatory incentives, and world-class facilities aimed at attracting global financial services firms, fintech companies, and international investors. The city is a key component of India’s ambitions to become a significant player in the international financial markets.
For more updates on India’s financial markets and economic developments, stay tuned to Smart Money Mindset.