Published Paper Details:

The emergence of India's International Financial Services Centres (IFSCs), led by GIFT City, is transforming the landscape of global finance by enabling institutions to operate in a globally competitive regulatory environment. While IFSC entities benefit from a principles-based framework driven by the International Financial Services Centres Authority (IFSCA), the role of corporate governance becomes critical in balancing flexibility with investor protection and systemic stability. This article examines how corporate governance is evolving within IFSCs by comparing it with the mandatory frameworks followed by listed and unlisted companies in India. The paper also discusses voluntary practices adopted by IFSC entities, their strategic importance in attracting global capital, and areas requiring regulatory fine-tuning. The article explores measures to strengthen transparency and governance in IFSCs, supporting their evolution in line with global standards and reinforcing India's broader vision of becoming a competitive international financial hub.