Gujarat International Finance Tec-City (Gift City) climbed to the 46th position from the earlier 52nd in the latest edition of the Global Financial Centres Index (GFCI 37), an official release stated Wednesday.
Gift City has secured the top rank in the ‘reputational advantage’ parameter and climbed from 45 to the 40th place in the FinTech ranking, the release added. Tapan Ray, MD and Group CEO of Gift City, said, “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.”
The Global Financial Centres Index (GFCI), compiled by Z/Yen Group, evaluates financial hubs worldwide based on 140 instrumental factors provided by third-party organisations such as the World Bank, Organisation for Economic Co-operation and Development (OECD), and the United Nations. These factors assess financial centres on parameters including business environment, infrastructure, human capital, financial sector development, and overall competitiveness, the release added.
