Cayman Islands Tops in FDI Inflow to India
The Cayman Islands, has flooded 1,600% more money as Foreign Direct Investment (FDI) equity into Indian market during the financial year 2017-18. Cayman Island recorded as the biggest growth in FDI equity inflow among the top ten FDI source countries including Mauritius and Singapore, according to data tabled in Parliament on Monday. FDI from Cayman Islands shot up to $1.23 billion in fiscal 2017-18 from just $71.03 million in fiscal 2016-17. Cayman Islands not only tops in terms of growth, but also is ahead in the absolute FDI terms from Germany, Hong Kong and UAE which are among the top 10 sources of India's FDI.
Tags : INTERNATIONAL