India’s Big Bet: Can IFSCA Make Us the Next Singapore or Dubai?
By RBK Venture
May 2025
INTERNATIONAL FINANCIAL
India’s Big Bet: Can IFSCA Make Us the Next Singapore or Dubai?
Move over, traditional financial hubs! India is rapidly scripting its future as a global financial powerhouse the International Financial Services Centres Authority (@IFSCA) is leading the charge.
Set up in 2020, IFSCA might still be young, but it’s making bold moves. Until recently, India’s International Financial Services Centres (IFSCs) like GIFT City in Gujarat were governed by a mix of different regulators:
It worked fine for domestic activities, but for global aspirations? It led to confusion and slow growth.
Enter IFSCA India’s first unified regulator focused entirely on international financial services. Think of it as a one stop powerhouse designed to simplify, streamline and supercharge India’s push to compete with hubs like Singapore, Dubai and London.
Who’s in charge now?
Within IFSCs, IFSCA has taken over from RBI, SEBI, IRDAI and PFRDA. Instead of four doors to knock on, there’s one window and it’s open to global business.
Why does it matter?
India wants to capture a piece of the massive offshore financial flows and attract big ticket global players. We’re talking about transforming from a traditional financial market to a true international financial gateway.
IFSCA is not just a regulator it’s an enabler of India’s global finance ambitions.
Curious to hear from you all:
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