Archipelagic country in Asia (8)

I believe the answer is:

maldives

(Other definitions for maldives that I've seen before include "Mad Elvis found in the islands" , "Indian Ocean country of many islands" , "Indian Ocean archipelago and republic" , "Island nation to S. of India" , "Mad Elvis is here in the Indian ocean" .)

I've seen this clue in the Sydney Morning Herald.

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