Can GIFT City Become India’s Next Global Financial Hub?
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Synopsis
A recent report reveals that nearly half of senior financial service executives envision tremendous growth potential for GIFT City, positioning it as a leading global financial hub. As India enhances its financial landscape, this city could become the focal point for innovation and collaboration in the banking sector.
Key Takeaways
- 49 percent of executives see growth potential in GIFT City.
- 63 percent are interested in relocating or establishing operations there.
- Addressing talent and infrastructure challenges is crucial.
- GIFT City is becoming a hub for financial services and technology.
- Strong demand exists for specialized skills in emerging technologies.
New Delhi, Sep 29 (NationPress) Almost half of the senior executives in financial services, specifically 49 percent, perceive significant growth opportunities for Gujarat International Finance Tec-City (GIFT City) in its ambition to become India's next global financial center, according to a recent report released on Monday.
The analysis conducted by PwC India emphasizes the increasing optimism surrounding GIFT City’s potential impact on the future of the nation’s banking, financial services, and insurance (BFSI) landscape.
The report, titled ‘Moving the needle on Gujarat’s GIFT City’, indicates that 49 percent of the executives believe the city has robust growth prospects, and 63 percent showed interest in either relocating or establishing operations there.
According to PwC, these findings highlight GIFT City’s rising attractiveness as a key hub for global markets, financial innovation, and talent cultivation.
Sanjeev Krishan, Chairperson of PwC India, remarked that GIFT City embodies a transformative chance for India to enhance its position within the global financial services and technology ecosystem.
He emphasized that while the region has made commendable advancements, overcoming obstacles such as talent availability, lifestyle infrastructure, and ecosystem maturity is essential for realizing its complete potential.
The survey, which gathered insights from 200 executives, also pointed out that 77 percent of respondents believe that finance and technology talent is accessible in GIFT City.
However, there is a growing demand for specialized skills in fields like blockchain, cloud security, risk technology, and global regulatory compliance.
Gayathri Parthasarathy, Partner and Leader -- Financial Services at PwC India, highlighted that GIFT City is rapidly emerging as a significant center for both financial services and technology.
She stated that with appropriate policy backing and regulatory structures, the city could evolve into a nucleus for the next generation of BFSI and technology innovations in India.
As per PwC, clients are increasingly perceiving GIFT City not merely as a tax-advantageous location but as a strategic long-term hub for servicing global markets and fostering innovation capabilities.
The city is swiftly transforming into a testing ground for novel financial services and technology frameworks, enabling collaboration between Indian and international players to devise future-ready solutions.
Point of View
It's essential to recognize the transformative potential of GIFT City in India's financial landscape. The findings from PwC highlight not only optimism but also the challenges that lie ahead. A balanced approach towards fostering talent and improving infrastructure will be vital in realizing GIFT City’s aspirations as a global financial hub.
NationPress
29/09/2025
Frequently Asked Questions
What percentage of executives see growth potential in GIFT City?
Approximately 49 percent of senior financial service executives see significant growth potential for GIFT City.
What skills are in demand in GIFT City?
There is a rising demand for specialized skills in areas such as blockchain, cloud security, risk technology, and global regulatory compliance.
Who conducted the report on GIFT City?
PwC India compiled the report highlighting the potential and prospects of GIFT City.
What are the main challenges for GIFT City?
Key challenges include talent availability, lifestyle infrastructure, and ecosystem maturity.
Why is GIFT City considered a strategic hub?
GIFT City is viewed as a strategic hub for global markets and financial innovation due to its favorable policies and infrastructure.
