Buying US stocks via Gift City to get easier as Zerodha, Groww, Angel One and Upstox get nod

IFSCA has cleared Zerodha and Angel One as broker-dealers, and granted Global Access Provider (GAP) licences to Groww and Upstox, enabling easier access for Indian investors to buy US stocks via Gift City. The move falls under the RBI's Liberalised Remittance Scheme, which allows residents to remit up to $250,000 abroad per year, and comes as Indian investor flows into global equities rose 43% year-on-year to about $440 million in March.