India Stack is empowering individuals, businesses, and entire communities to thrive in the digital age by leveraging mobile technology, 5G connectivity, and a robust digital infrastructure.
Regulators are vital to creating an atmosphere where finance can flourish. A deep capital market and banking services are obvious handmaidens. Both make it easier to become a hub for wealth created elsewhere on the globe to be managed and invested. Establishing the International Financial Services Centres Authority (IFSCA) as a unified regulator in 2020 has been a critical milestone in GIFT City s evolution.
“Going forward, India must continue down this path to modernise soft infrastructure: reforms in the bond market, expanding investor base, greater participation of the private sector and strengthening the regulation of public banks,” said Luis E Breuer, senior resident representative for India, International Monetary Fund (IMF).
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