Financial centres play a very important role in the economy and business. The world has seen the establishment of many new financial centres, however, recently lead has been taken by Asia, especially China, UAE, and India. The ease of business is a common thread across these centres which makes operating offices or starting a business in those countries easy while attracting talents and clientele globally. This also gives a boost to the economy. India has recently started its first financial free zone and aims to make it one of the most important financial centres in the world. The United Arab Emirates has established two financial centres in the last few years, the first, Dubai International Financial Centre (DIFC), and the second, Abu Dhabi Global Market (ADGM). DIFC is one of the fastest-growing financial centres and it has established its name through innovation and pragmatic approach. IFSC GIFT City can also derive benefit from the success of DIFC by learning the lessons emanating from DIFC. Due to the limited literature available on the related matter, the current study was carried out. The qualitative approach for the study used secondary data from various sources in the public domain. The content analysis as well as the analysis of the secondary data brought out some of the comparative factors between GIFT IFSC and DIFC as well as some exploratory factors which can help the GIFT IFSC to become a world-class financial centre.