India’s ambitious financial hub, GIFT City (Gujarat International Finance Tec-City), is facing a surprising problem — there are jobs, but not enough people to take them.
Over the past year, the city has seen rapid growth, with more than 70 new fund management firms setting up operations, taking the total number to over 200 entities.
These companies are expanding India’s presence in global finance, offering opportunities in investment management, international funds, and financial services.
Yet, despite this boom, companies are struggling to find skilled professionals.
Why Jobs Are Not Getting Filled
The issue is not a lack of opportunities, but a shortage of the right talent willing to relocate and settle in GIFT City.
Experts say that while the infrastructure and policy support are strong, lifestyle factors and connectivity challenges are holding professionals back.
Unlike cities such as Mumbai, Bengaluru, or Hyderabad, GIFT City is still developing its urban ecosystem, social life, and convenience factors — things that many young professionals consider before moving.
A Growing Hub Still Finding Its Feet
Located between Ahmedabad and Gandhinagar, GIFT City is being positioned as India’s answer to global financial hubs like Singapore and Dubai.
The framework is in place — tax benefits, regulatory support, and world-class office spaces — but the city is still evolving in terms of culture, livability, and talent ecosystem.
Infrastructure improvements, including better transport connectivity and urban development projects, are underway and may help attract more professionals in the future.
The Bigger Picture
This situation highlights a broader shift in India’s job market.
While new cities and hubs are creating fresh opportunities, attracting talent is becoming just as important as creating jobs.
Reports show that Tier-2 and emerging cities are witnessing strong hiring growth, but companies often face challenges in building a stable workforce due to lifestyle and migration concerns.
Bottom Line
GIFT City represents India’s bold push into global finance, but its success will depend not just on attracting companies, but also on building a vibrant ecosystem where talent wants to live and work.
For now, it stands as a unique paradox; a city full of opportunities, still waiting for people to fill them.