GIFT City (Gujarat International Finance Tec-City) has improved by nine places to rank 37th globally in the latest Global Financial Centres Index (GFCI 40). It was ranked 46th in GFCI 39, showing a significant improvement in its overall ranking. GIFT City has also entered the top 15 financial centres in the Asia-Pacific region. The GFCI evaluates financial centres on factors such as FinTech capabilities, access to finance, skilled talent, regulatory environment and ICT infrastructure. GIFT City is India’s first International Financial Services Centre (IFSC) and serves as a hub for financial and IT services. It supports sectors including banking, financial services, insurance, IT/ITeS and FinTech.