GIFT City: India’s Operational Gateway to Global Capital Scales New Heights
Gandhinagar (Gujarat) [India], March 28: No longer just a conceptual vision, GIFT City has officially transitioned into a fully functioning global financial and IT hub. Recent progress reports indicate that the city is now competing directly with established global financial centers, positioning India as a primary owner of financial value creation rather than just a [...]
Gandhinagar (Gujarat) [India], March 28: No longer just a conceptual vision, GIFT City has officially transitioned into a fully functioning global financial and IT hub. Recent progress reports indicate that the city is now competing directly with established global financial centers, positioning India as a primary owner of financial value creation rather than just a consumer of global services.
The scale of the ecosystem is reflected in its rapidly growing financial metrics. As of February 2026, GIFT City hosts over 1,150 IFSCA registered entities. The banking sector has seen a massive surge, with assets growing from $14 billion in 2020 to $106.7 billion today, supported by 37 operational domestic and foreign banks including JP Morgan, Deutsche Bank, and HSBC.
The capital markets are showing similar momentum: