Indian Brokers Receive GIFT City Approval for International Investing

1. Major brokers get regulatory clearance Leading Indian brokerage platforms — Zerodha, Groww, Angel One and Upstox — have received approval from the International Financial Services Centres Authority (IFSCA) to operate as intermediaries from GIFT City. 2. Easier access to US stocks for Indian investors The approvals will allow these brokers to offer a simpler and more regulated route for Indian retail investors to invest in US-listed stocks and other global securities through GIFT City. 3. Lower friction in international investing By operating through GIFT City’s IFSC framework, brokers can streamline overseas investing, reducing operational hurdles and making global market access more convenient for retail investors. 4. Boost for GIFT City as a global financial hub The move strengthens the government’s vision of developing GIFT City into an international financial centre while expanding global investment opportunities for Indian investors. -International investing features to launch in two to three months.