GIFT City Awakens: India's Financial Hub Stirs from Slumber The recent influx of global funds into Gujarat International Finance Tec City (GIFT City) has sent ripples through the financial world, sparking questions about its viability.
For over a decade, GIFT City struggled to establish itself as a credible alternative to established hubs like Hong Kong, Dubai, or Singapore.
The Indian government's efforts to create a favorable business environment have been instrumental in attracting top tier asset managers such as Standard Chartered and BlackRock.