The India International Financial Services Centres Authority (IFSCA) organised the second edition of its Annual Chintan Shivir in Udaipur, Rajasthan, structured around internal brainstorming, workshops and presentations to identify objectives and strategies it may prioritise for developing GIFT IFSC’s regulatory ecosystem in line with the Viksit Bharat@2047 vision. Six sessions covered technology-led enhancements to supervision and surveillance, including data-driven analytics, real-time monitoring and Supervisory Technology (SupTech); artificial intelligence (AI) use cases in the financial sector; approaches to attract non-resident Indians (NRIs), persons of Indian origin (PIOs) and foreign retail consumers through tailored products and services; globally emerging regulatory areas including robo-advisory and digital banking; the legal framework for unified financial services regulation in the IFSC; and the tokenisation of real-world assets. The Chairperson’s address focused on organisational leadership themes and referenced the Prime Minister’s “Panch Pran” as a prompt for a ‘Bharatiya approach’ and a nation-first lens in IFSCA’s work.

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