Cayman is the 5th largest investor to India
Cayman is now the fifth-largest source of foreign direct investment for India, says India's Department for Promotion of Industry and Internal Trade (DPIIT).
According DPIIT data, investment from the Cayman Islands to India increased to $3.7billion during 2019-20.
India received foreign direct investment from Cayman worth $1 billion during 2018-19 and $1.23billion in 2017-18.
Singapore was the largest investor in India during the 2019-2020. Mauritius, Netherlands, and the United States were the 2nd, 3rd and 4th.
Foreign direct investment to India increased by 13% totaling USD 50 billion in 2019-20 from $44.4 billion in the previous year.
The services sector – with turnover of $7.8 billion – continued to attract the highest foreign direct investment into India in 2019-2020 with the computer hardware and software sector – with $7.7 billion turnover – coming a close second.
According to United Nations Conference on Trade and Development (UNCTAD), COVID-19 could cause global foreign direct investment to shrink by 5-15% to its lowest levels since the 2008-2009 financial crisis, if the pandemic continue to the end of the year.
India received foreign direct investment from Cayman worth $1 billion during 2018-19 and $1.23billion in 2017-18.
Singapore was the largest investor in India during the 2019-2020. Mauritius, Netherlands, and the United States were the 2nd, 3rd and 4th.
Foreign direct investment to India increased by 13% totaling USD 50 billion in 2019-20 from $44.4 billion in the previous year.
The services sector – with turnover of $7.8 billion – continued to attract the highest foreign direct investment into India in 2019-2020 with the computer hardware and software sector – with $7.7 billion turnover – coming a close second.
According to United Nations Conference on Trade and Development (UNCTAD), COVID-19 could cause global foreign direct investment to shrink by 5-15% to its lowest levels since the 2008-2009 financial crisis, if the pandemic continue to the end of the year.
