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India’s GIFT City Climbs to 43rd Position in Global Financial Centres Index (GFCI 38).

Banking & Finance | Dated: 18 Oct 2025

In October 2025, the China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London released the 38th edition of the Global Financial Centres Index (GFCI 38). India’s GIFT City (Gujarat International Finance Tec-City) improved its rank from 46th to 43rd, showing India’s growing global financial competitiveness.

🎯 Key Highlights:

  • - The GFCI evaluates the competitiveness of 135 financial centres worldwide using 140 instrumental factors provided by World Bank, OECD, and United Nations (UN).
  • - New York (USA) topped the index with a score of 766, followed by London (UK) with 765, and Hong Kong (China) with 764.

💡 Other Important Facts:

  • (i) India’s GIFT City ranked 43rd, rising three spots from the previous edition, while Mumbai and New Delhi were ranked 71st and 84th respectively.
  • (ii) The Asia-Pacific region showed strong growth, with six centres in the global top 15. Labuan (Malaysia) debuted at 60th position, and Beijing (China) re-entered the ranking.
  • (iii) The rankings were based on 28,549 assessments from 4,877 respondents covering factors like business environment, infrastructure, human capital, and fintech innovation.

📚 Test Your Knowledge:

In the recently released Global Financial Centres Index (GFCI 38), what rank did India’s GIFT City achieve?

Correct Answer: 43rd

🚀 Quick Recap: