IFSC (International Financial Services Centres)

International Financial Services Centres (IFSCs) are designated geographic areas within a country that offer globally competitive financial and banking services. These hubs provide streamlined regulations, infrastructure, and tax benefits to attract foreign banks, investment firms, and financial institutions. The goal is to promote international trade, investment, and economic growth by creating a favorable environment for complex financial activities such as trading, asset management, and financial services. Examples include India's Gujarat International Finance Tec-City (GIFT City) and Dubai International Financial Centre. Essentially, IFSCs are specialized zones designed to position a country as a key player in global finance.