GIFT City is rapidly emerging as a key global financial and technology hub, with a new survey from PwC India highlighting significant optimism among industry leaders.
According to the report “Moving the needle on Gujarat’s GIFT City”, 49% of senior financial service executives see very high growth potential for it as India’s next global financial hub.
Strong Interest in Relocation and Expansion
The PwC India survey of 200 respondents found that 63% of senior executives are keen on relocating or establishing operations in GIFTCity. This underscores the region’s growing appeal as a preferred destination for the Banking, Financial Services, and Insurance (BFSI) sector.
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Talent and Ecosystem Development in GIFT City
While 77% of executives believe financial and technology talent is already available in GIFT, there is rising demand for specialised roles in blockchain, cloud security, risk technology, and global regulatory compliance.
Industry leaders highlighted that talent availability, lifestyle infrastructure, and ecosystem maturity remain critical areas for further growth.
Sanjeev Krishan, Chairperson of PwC India, said, “GIFTCity represents a transformative opportunity for India to strengthen its position in the global financial services and technology ecosystem. While the region has already made significant strides, bridging gaps in talent availability, lifestyle infrastructure and ecosystem maturity will be key to unlocking its full potential.”
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Strategic Base for Global Markets
PwC India Partner and Leader – Financial Services, Gayathri Parthasarathy, added, “Our survey findings show that GIFT City is gaining enormous traction as a rising global financial and tech hub, and businesses are incredibly optimistic about its future. As the ecosystem matures, with the right talent and regulatory impetus, GIFT City can be the nucleus for India’s next wave of BFSI and technology innovation.”
Executives increasingly view GIFT City not only as a regulatory or tax-efficient jurisdiction but as a long-term strategic base for global expansion. The city is positioning itself as a hub for next-generation financial services and technology models, attracting both global institutions and Indian enterprises.
