वित्त मंत्री निर्मला सिथारमन ने GIFT City की प्रगति की समीक्षा की – भारत के IFSC महत्वाकांक्षाओं को बढ़ावा
22 मई 2026 को, केंद्रीय वित्त मंत्री निर्मला सिथारमन ने Gujarat International Finance Tec‑City (GIFT City) की समीक्षा का संचालन किया, जिसमें इसे भारत के International Financial Services Centre के रूप में उसकी प्रगति का आकलन किया गया। बैठक में 110 अर्ब USD से अधिक बैंकिंग संपत्तियों, 32 अर्ब USD फंड‑मैनेजमेंट प्रतिबद्धत…
The GIFT City hosted a high‑level review on 22 May 2026, chaired by Union Finance Minister Nirmala Sitharaman . The meeting, attended by the Principal Secretary to the Prime Minister , Gujarat’s Deputy Chief Minister and senior officials, examined the progress of the IFSC ecosystem. Key Developments Presentation of sector‑wise growth in banking, capital markets, fund management, insurance, aircraft and ship leasing, fintech, bullion exchange and international education. Discussions on infrastructure, talent ecosystem, ease of doing business, taxation, and residential facilities to make the hub globally competitive. Commitment to align the hub with the vision of Viksit Bharat @2047 . Important Facts More than 1,150 entities operate in GIFT City across finance, technology and allied services. Banking assets have crossed USD 110 billion . Fund‑management commitments exceed USD 32 billion . The ecosystem includes 37 banking units, 217 fund‑management firms, 36 insurance companies, 35 aircraft lessors and 36 ship‑leasing entities , along with fintech firms and international universities. The regulatory oversight is provided by the IFSCA . UPSC Relevance The development of GIFT City illustrates the government's push to create a world‑class IFSC</sp
Quick Reference
Key Insight
Finance Minister reviews GIFT City, signalling a push for a world‑class IFSC.
Key Facts
- The high‑level review of GIFT City was chaired by Union Finance Minister Nirmala Sitharaman on 22 May 2026.
- More than 1,150 entities across banking, finance, technology and allied services operate in GIFT City.
- Banking assets in the IFSC have crossed USD 110 billion, and fund‑management commitments exceed USD 32 billion.
- The ecosystem comprises 37 banking units, 217 fund‑management firms, 36 insurance companies, 35 aircraft lessors and 36 ship‑leasing entities.
- Regulatory oversight of the IFSC is provided by the International Financial Services Centres Authority (IFSCA).
- GIFT City is being aligned with the vision of Viksit Bharat @2047 to make it a globally competitive financial hub.
Background
GIFT City is India's flagship International Financial Services Centre (IFSC) aimed at attracting global capital, diversifying financial services and boosting foreign investment. It reflects the broader agenda of financial sector reforms, ease of doing business and long‑term development planning under Viksit Bharat @2047.
UPSC Syllabus
- Essay — Economy, Development and Inequality
- GS3 — Indian Economy - Planning, mobilization of resources, growth, development and employment
- GS3 — Government Budgeting
- GS2 — Functions and responsibilities of Union and States
- GS4 — Work culture, quality of service delivery, utilization of public funds, corruption
Mains Angle
GS‑3: Discuss how the development of GIFT City as an IFSC can accelerate financial sector reforms and contribute to India's growth targets. GS‑2: Analyse the role of the Union Finance Ministry and the Prime Minister’s Office in steering such large‑scale projects.