How NSE versus SGX ended up in Gujarat
GIFT City facilitated the rapprochement between NSE, SGX. Now, it has to get investors interested in trading there
GIFT has a design error. It should give up focusing on being India’s financial centre and instead become India’s back-office location, say some analysts
Singapore/Mumbai: This is straight out of a romantic paperback: boy meets girl, gets infatuated, hooks up, splits and then reconciles. The 18-year love saga between India’s National Stock Exchange (NSE) and Singapore Exchange (SGX) traces a similar trajectory. Yet, this seemingly linear narrative hides mysterious, behind-the-scenes influences that have forced multiple twists and turns in the story.
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