5. What rank has Gujarat's GIFT City secured in the 40th edition of the Global Financial Centres Index?
Explanation
GIFT City, located in Gandhinagar, Gujarat, has achieved a significant milestone by securing the 37th position in the 40th edition of the Global Financial Centres Index (GFCI 40), released on September 16, 2026. This marks a notable improvement from its previous ranking of 46th in GFCI 39. ([news.gujarat.in](https://news.gujarat.in/gift-city-gfci-40-rank-37-global-financial-centres-index/?utm_source=openai))
The GFCI evaluates financial centres worldwide based on factors such as business environment, human capital, infrastructure, financial sector development, and reputation. GIFT City's ascent in the rankings reflects its growing prominence in the global financial landscape. Notably, it is the only Indian financial centre among the top 15 in the Asia-Pacific region, underscoring its emerging status as a financial hub. ([news.gujarat.in](https://news.gujarat.in/gift-city-gfci-40-rank-37-global-financial-centres-index/?utm_source=openai))
For competitive exam aspirants, understanding the GFCI and GIFT City's position is crucial, as it highlights India's evolving role in global finance. The GFCI is published biannually by Z/Yen Partners and the China Development Institute, assessing 139 financial centres using 144 quantitative measures and 39,531 professional assessments. ([currentaffairspulse.com](https://www.currentaffairspulse.com/article/2026-09-16-gfci-40-gift-city-37th-mumbai-49th?utm_source=openai))
Additionally, GIFT City's FinTech ranking has improved, moving up three places to 26th globally from 29th in the previous edition. ([news.gujarat.in](https://news.gujarat.in/gift-city-gfci-40-rank-37-global-financial-centres-index/?utm_source=openai)) This advancement indicates the city's growing influence in the financial technology sector, a key area of interest for competitive exams focusing on economic developments.
In summary, GIFT City's rise to 37th in the GFCI 40 not only reflects its enhanced global standing but also signifies India's strengthening position in the international financial arena.
Source: verified reference →