Sharp decline in FDI into India from Cayman Islands, Cyprus during April-Sep
For Cayman Islands, Kumar said that in October this year, the region was removed from the grey list by FATF (Financial Action Task Force) and this may result into positive FDI flow from Cayman Islands in coming times. FDI into India declined 24 per cent to USD 20.48 billion in April-September 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma.
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