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Beating Mauritius FDI surge from Cayman Islands makes it the new Mauritius; chorus grows China might be routing investments into India through it Illustration by Raj Verma Cayman Islands is situated in Caribbean Sea, 480 miles southwest of Miami, USA. The three islands are spread over 101 square miles, have a population of 65,000 and gross domestic product (GDP) of $5.5 billion, slightly more than that of the Union Territory of Puducherry. Still, it was the third-largest contributor of equity foreign direct investment (FDI) in India in the first six months of FY21 ($2 billion). Only Singapore ($8.3 billion) and the US ($7.13 billion) were ahead. The tiny British Overseas Territory even bettered Mauritius, traditionally the biggest source of FDI into India.

United statesJammu and kashmirHong kongUnited kingdomCaribbean seaBelize generalCayman islandsUnion territory of puducherryDhaval jariwalaNischal aroraAkhilesh ranjanDivakar vijayasarathyAmit jindalVirendra nathTax information exchange agreementOrganisation for economic