India, Jan. 26 -- With the rapid rise of the Gujarat International Finance Tec-City (GIFT City) and its International Financial Services Centre (IFSC), many are asking how this new financial hub fits into India's economy. Its growth raises questions about financial power, capital flows, regulation, and the networks of people that drive markets. To understand its true potential, we need to look not just at ambition, but at real scale, depth, and the strength of the ecosystem behind it. The big question is: could GIFT City ever become a substitute for Mumbai as India's financial capital?

Mumbai's Dominance: A Century of Financial Gravity Mumbai's status as India's financial capital is far from symbolic. It is woven into the country's econo...