India's GIFT City offers gateway for investors seeking global stocks

Relaxed limits in would-be Singapore rival offer escape from weak domestic market

Buildings at the Gujarat International Finance Tec-City in Gandhinagar, India, on Dec. 8, 2023. The fledgling financial hub, which is intended to rival the likes of Singapore, does not have restrictions on cumulative overseas investments by mutual funds. © Reuters

BENGALURU -- India's top asset managers are turning to a fledgling financial hub intended to rival Singapore and Hong Kong in order to tap Indian investors' growing appetite for global equities amid lackluster returns at home.