Gandhinagar: Gujarat International Finance Tec-City (GIFT City), India’s maiden International Financial Services Centre (IFSC) and a project of national importance, has further strengthened its position on the global stage, climbing three places to 43rd in the thirty-eighth edition of the Global Financial Centres Index (GFCI 38) rankings.

GIFT City’s overall rating improved, underscoring the growing confidence of global investors and institutions in India’s emerging international financial ecosystem. It also made a significant gain in the FinTech Index, rising five positions from 40th to 35th — reaffirming its growing strength as a centre for innovation and technology-driven financial services.

Regionally, GIFT City continues to rank among the top 15 financial centres in the Asia-Pacific region — and remains the only Indian city in this group. This reinforces its role as a rising player in global finance, offering a compelling combination of modern infrastructure, business-friendly regulations, and a talent-rich environment. It has also been featured among “The 15 Centres Likely to Become More Significant” globally in the GFCI 38 report, highlighting its rising international prominence and future potential.

Sanjay Kaul, Managing Director and Group CEO of GIFT City, said, “GIFT City’s steady climb in the Global Financial Centres Index reflects India’s growing influence in international finance. Our progress — both in the overall and FinTech rankings — highlights the city’s ability to combine innovation, regulatory strength, and operational efficiency. This upward momentum reflects the trust global institutions are placing in GIFT City as a competitive, future-ready financial hub.”

He further added, “As we continue to strengthen our ecosystem and attract global players across banking, insurance, funds, FinTech, and capital markets, GIFT City is poised to anchor India’s ambition of becoming a strategic centre for global finance.”

The thirty-eighth edition of the Global Financial Centres Index (GFCI), compiled by Z/Yen Group, evaluated 135 financial centres worldwide using more than 140 instrumental factors provided by third-party organisations, including World Bank, Organisation for Economic Co-operation and Development (OECD), and United Nations. Out of the 135 financial centres, 120 made it to the main index. The index assesses financial centres based on parameters such as business environment, infrastructure, human capital, financial sector development, and reputational advantage. DeshGujarat