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The 40th Global Financial Centres Index (GFCI 40), published on 16 September 2026, ranks GIFT City 37th - up nine places from 46th in GFCI 39.
GIFT City is the only Indian centre in the Asia-Pacific top 15; Mumbai rose three places to 49th.
In the FinTech ranking, GIFT City rose three places to 26th, from 29th.
New York leads the index, followed by London, Hong Kong and Singapore; Zurich entered the top 10.
| Centre / ranking | GFCI 39 (March 2026) | GFCI 40 (September 2026) |
|---|---|---|
| GIFT City - overall | 46th | 37th (up 9) |
| GIFT City - FinTech | 29th | 26th (up 3) |
| Mumbai - overall | 52nd | 49th (up 3) |
| Rank 1 overall | New York | New York |
Created IFSCA as the single unified regulator for all financial services in India's IFSCs, taking over the roles RBI, SEBI, IRDAI and PFRDA played there.
Provides for setting up an International Financial Services Centre inside an SEZ; GIFT IFSC, India's first, is set up under it.
London think-tank that compiles the GFCI.
Co-publisher of the GFCI.
Unified statutory regulator of banking, capital markets, insurance and pensions in IFSCs.
General Awareness > Indices and reports; financial regulators
GS Paper III > Indian economy - financial markets and IFSC
Global Financial Centres Index - Z/Yen and China Development Institute's twice-yearly ranking of financial centres' competitiveness.
International Financial Services Centre - a jurisdiction serving non-resident and cross-border financial business.
External data (e.g. from the World Bank, OECD, UN) that are combined with survey assessments to produce GFCI ratings.