Why establish an IFSC in India?
The IFSC in GIFT aims to facilitate financial transactions that are currently conducted abroad by overseas financial institutions and overseas branches/subsidiaries of Indian financial institutions.
The strategic goals of establishing the IFSC are:
- To generate high-value employment opportunities through the production of financial services within India.
- To provide an entry point into financial globalization, which would benefit the Indian economy and give policy makers an enhanced set of instruments.
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