Why Gujarat's Gift City is a GAME CHANGER for INDIA? : Economic case study

Why Gujarat's Gift City is a GAME CHANGER for INDIA? : Economic case study

HomeThink SchoolWhy Gujarat's Gift City is a GAME CHANGER for INDIA? : Economic case study
Why Gujarat's Gift City is a GAME CHANGER for INDIA? : Economic case study
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Channel Avatar Think School2024-01-19 13:30:07 Thumbnail
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VIDEO INTRODUCTION:

Zero tax policies are one of the most lucrative and perhaps most controversial policies of the 21st century, and while countries like the UAE and Qatar have used their oil money to negate their taxes, zero tax in India is something that no one could ever expect!! But you know what, in 2008, while the whole world was witnessing a financial crisis, Modi ji as the Prime Minister of Guajrat laid the foundation for a financial center in India that would have zero taxes for ten years!!

Sounds crazy, doesn't it!! As it turns out, after 15 long years, that dream is finally coming true and it turns out that India is building an extraordinary city in the state of Gujarat that could rival legendary places like Dubai and Singapore!! This city is what they call the international financial technology city of Gujarat or GIFT city!!

Now I have a lot of disagreement with the Modi government but every time I read about Gujarat I am just fascinated by the visionary governance of the BJP!! So the question is,
What exactly is this international financial technology city of Gujarat all about?
How is the Gujarat government building the next Dubai and Singapore in the heart of Gujarat? How will it help India become more powerful on the world stage?
And most importantly, what failures should the Gujarat government overcome to succeed in this legendary project!!

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Study material:

https://assets.giftgujarat.in/downloads/Doing+business+at+GIFT+IFSC_booklet.pdf

https://www.grantthornton.in/globalassets/1.-member-firms/india/assets/pdfs/the-world-inside-ifsc-gift-city.pdf

https://www.thecityuk.com/media/04od4n2k/iukfp-developing-gift-city-into-a-global-services-hub.pdf

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