Zerodha Set To Enable US Stock Investing Via GIFT IFSC By April-May

Zerodha, one of India's largest stock brokerage firms, is set to launch a platform enabling Indian investors to trade in US stocks via the Gujarat International Finance Tec-City (GIFT IFSC) by April-May 2024. This initiative aims to cater to the growing demand for international investments among Indian retail investors. Somnath Mukherjee, a spokesperson for Zerodha, emphasized that any broker-dealer interested in acting as a global access provider (GPA) at the GIFT IFSC must first secure authorization from the International Financial Services Centres Authority (IFSCA). This move not only aligns with Zerodha's commitment to expanding investment opportunities but also highlights the Indian government's push to enhance the country's status as a global financial hub. By facilitating access to US markets, Zerodha aims to empower investors with diverse options, potentially reshaping the landscape of stock trading in India. The development is expected to attract more participants to the GIFT IFSC, reinforcing its role as a key player in the global financial ecosystem.