Explain the benefits of International Financial Centre.

There are numberless direct and indirect benefits of setting up IFC but some major benefits emanating from establishing IFC are as follows: (i) Opportunity for qualified professionals working outside India come here and practice their profession. (ii) A platform for qualified and talented professionals to pursue global opportunities without leaving their homeland. (iii) Stops Brain Drain from India. (iv) Bringing back those financial services transactions presently carried out abroad by overseas financial institutions/entities or branches or subsidiaries of Indian Financial Market. (v) Trading of complicated financial derivative can be started from India.