India, Oct. 9 -- The Gujarat International Finance Tec-City (GIFT City), located on the banks of the Sabarmati River in Gandhinagar, is yet to overcome workforce and ecosystem challenges that limit its growth into a global financial hub.

A recent study by PricewaterhouseCoopers (PwC) India finds that while the city has made steady progress in attracting financial and technology firms, it continues to struggle with high attrition, lower pay scales, and limited social infrastructure.

The report, titled Moving the Needle on Gujarat's GIFT City, was based on a survey of around 200 senior executives, professionals, and students conducted between April and June this year across GIFT City, Ahmedabad, Bengaluru, Pune, and Mumbai. The report ass...