$60 Billion Inflows Boost GIFT City’s Growth, Says IFSCA Chief

The chief of the International Financial Services Centre Authority (IFSCA) told NDTV that roughly $60 billion has flowed into India, largely through the Gujarat International Finance Tec-City (GIFT City). He highlighted the city’s modern infrastructure, single‑window regulatory regime and tax incentives as key drivers attracting foreign capital. The inflow, he said, marks a significant step toward positioning India as a global financial hub and underscores the success of the IFSC model. GIFT City, located near Ahmedabad in Gujarat, continues to register a growing number of financial institutions and service providers seeking a regulated environment outside traditional Indian markets. The IFSCA aims to build on this momentum by further simplifying compliance and expanding the range of financial products offered within the centre.