Gujarat International Finance Tec-City (GIFT City), India's financial hub, is preparing for its next phase of growth. The city was created in 2007 as a greenfield experiment and in 2020, the International Financial Services Authority (IFSCA) was established as a unified regulator. The number of licensed entities in GIFT City has grown to over 550 in September 2023. GIFT City has two international stock exchanges and a cumulative debt listing of $52.7 billion.