India’s investment in US government securities hit a new high of $241.9 billion in June, marking the third consecutive month of increased exposure. This is up from $237.8 billion in May and is higher than the year-ago June figure of $235.4 billion.
Japan remains the largest holder of U.S. securities, with more than $1.11 trillion, followed by China with $780.2 billion. The United Kingdom and Luxembourg hold $741.5 billion and $384.2 billion, respectively.
India ranks 12th among the largest holders of US government securities, ahead of countries such as Taiwan, which holds $265.9 billion. Other major investors include Canada with $374.8 billion, the Cayman Islands with $319.4 billion, Belgium with $318 billion, Ireland with $308 billion, France with $307.2 billion and Switzerland with $287.1 billion.
The global economic outlook is marked by high inflation and geopolitical tensions, but the U.S. economy showed resilience with an annual growth rate of 2.8 percent in the June quarter, improving from 1.4 percent growth in the first quarter of 2024. The IMF’s World Economic Outlook Update projected a global growth rate of 3.2 percent for this year.
(With PTI inputs)
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.