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Gujarat International Finance Tec-city (Gift City) has advanced three positions to rank 43rd in the thirty-eighth edition of the Global Financial Centres Index (GFCI 38),

underscoring India’s expanding influence in global finance, according to the Z/Yen Group.

The index, which assesses 135 financial centres worldwide, found Gift City improving both its overall and FinTech rankings, signalling investor confidence in India’s International Financial Services Centre (IFSC). Gift City climbed from 46th in the previous GFCI 37 report and strengthened its FinTech position from 40th to 35th globally.

The report noted that Gift City is among the top 15 financial hubs in the Asia-Pacific region and remains the only Indian city on that list. It was also recognised among “The 15 Centres Likely to Become More Significant” globally — an indicator of its rising international relevance and future potential.

“The steady climb in the Global Financial Centres Index reflects India’s growing influence in international finance,” said Sanjay Kaul, Managing Director and Group CEO of Gift City. “Our progress — both in the overall and FinTech rankings — highlights the city’s ability to combine innovation, regulatory strength, and operational efficiency.”

Kaul added that Gift City is working to strengthen its ecosystem by attracting 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,” he said.

Mike Wardle, CEO of the Z/Yen Group, which compiles the GFCI, said the city’s advancement “reflects the growing confidence in India’s evolving financial ecosystem”. He said Gift City’s consistent progress across both overall and FinTech rankings shows “a strong balance of innovation and regulation, positioning it as an increasingly important player in global finance”.

The GFCI 38 rankings are based on more than 140 instrumental factors provided by third-party organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the United Nations. Out of 135 assessed financial centres, 120 made it to the main index.

The index evaluates cities on parameters including business environment, infrastructure, human capital, financial sector development, and reputational advantage.