 "FDI")
Cayman Islands has emerged as the fifth largest investor in India, with foreign direct investment from the nation increasing over three-fold to $ 3.7 billion in 2019-20, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
India had received FDI worth $1 billion in 2018-19 and $1.23 billion in 2017-18 from the Cayman Islands, which is UK Overseas Territory.
Similarly, FDI from Cyprus too increased by about three-times to $879 million in the last financial year from $296 million in 2018-19. It was $ 417 million in 2017-18, the DPIIT data showed.
Experts have stated that over
