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India s GIFT IFSC Poised to Be a Global Financial Services Hub
Monday, December 28, 2020 10:00AM IST (4:30AM GMT)
 
Mumbai, Maharashtra, Ahmedabad, Gujarat, India:
 India’s first International Financial Services Centre (IFSC) at the Gujarat International Finance Tech City (GIFT City) made its global mark, being named among the ‘top emerging business hubs in the world’. The latest Global Financial Centers Index, London in September 2020 mentions the IFSC at GIFT City among 15 centers which globally, are likely to gain greater significance over the next 24 months.
 
There are three different structures of IFSCs: Full-service finance centre (Tokyo and New York), which largely support a large domestic economy; Offshore financial centers (Mauritius) which may not have a robust domestic economy but have international access and acceptance. The third, which India has adopted, is the hybrid stru ....

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