Global Financial Centres Index 2025

Current Context: The Global Financial Centres Index (GFCI 37) was released on March 20, 2025, by Z/Yen Group in collaboration with the China Development Institute.

• India's Position: Gujarat International Finance Tec-City (GIFT City) ranked 46th, improving from 52nd.
• Top Country: New York City retained the 1st position, followed by London and Hong Kong.

Highlights:

• Top 3 Centres: New York, London, and Hong Kong.
• Asia-Pacific Region: Six centres, including Singapore and Shanghai, ranked in the global top 20.
• India's GIFT City: Achieved top rank in Reputational Advantage and improved its FinTech ranking to 40th.
• Overall Trends: Increased ratings for most centres, reflecting stronger confidence in global financial hubs.

Question:

Q.1 What is the rank of Gujarat International Finance Tec-City (GIFT City) in Global Financial Centres Index (GFCI 37)?
a) 52nd
b) 46th
c) 40th
d) 35th

Answer: b) In GFCI 37, India's GIFT City improved its position from 52nd to 46th, reflecting its growing prominence as a global financial hub.