Indians' trust in US Government Securities is increasing, investment reaches new high
According to the data released by the US Treasury Department, Japan topped the list with a share of $1.11 trillion in government shares at the end of June. China's investment in US government shares has reached $780.1 billion and it has been in second place. Britain stood third with $741.5 billion. Let's know at what number India remained.
India's holdings of US government securities touched a fresh all-time high of $241.9 billion at the end of June. For the third month in a row, India increased its share in US government securities. India's investment in May this year was pegged at $237.8 billion. India's investment in US securities in June last year was $235.4 billion.
As per the data published by the US Treasury Department, Japan topped the list with a share of $1.11 trillion in government shares at the end of June. China's investment in US government shares touched $780.1 billion and it ranked second. Britain stands third with an investment of $741.5 billion and Luxembourg in fourth with an investment of $384.2 billion.
According to data on foreign holdings of US government securities in March 2022, India ranks in 12th place. Countries that are part of the top 10 countries—Canada occupies the fifth spot with $274.8 billion; Cayman Islands, sixth, with $319.4 billion; Belgium, seventh, with $318 billion; while Ireland at $308 billion, France at ninth, with $307.2 billion; Switzerland at $287.1 billion. It places Taiwan at 11th position, with investments of $265.9 billion.
The world economy faces serious uncertainty amid inflation and growing geopolitical tensions and other challenges. The growth rate across the countries of the world shows tremendous disparity. In the quarter of June, the US GDP growth rate on an annualized basis has been 2.8%, from 1.4% in the first quarter of 2024. The International Monetary Fund has forecast the current year's growth rate at 3.2% in its revised report of July in the World Economic Outlook.
