Neutral impactEconomy
GIFT City Still A 'Toddler', Says MD & CEO Sanjay Kaul. Here's How India's Financial Hub Plans To Go Global
NDTV Profit 4 hrs ago·11 Aug 2026, 10:17 am
GIFT City, India's international financial services centre, is still in its early stages of development, according to its chief executive. Despite significant progress, the hub is likened to a 'toddler' as it continues to grow. The facility is home to over 40 banks, including a substantial number of international institutions that operate here without needing physical branches in mainland India. This unique setup functions as a separate jurisdiction under the country's foreign exchange framework.
For investors, GIFT City represents a strategic diversification of India's financial ecosystem. It offers a regulated environment for international capital flows and could eventually serve as a gateway for foreign investment into the Indian market. The development of this hub is a long-term play on India's ambition to become a global financial powerhouse.
Moving forward, the focus will be on expanding the range of financial products and services available in the city. Investors should monitor the pace of regulatory approvals and the volume of international transactions. The success of GIFT City will depend on its ability to attract more global banks and corporations to establish a presence there.
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