| India has tripled it holding of U.S. treasuries during the past year and is now the 15th largest foreign holder of U.S. debt.
Data from the US Treasury Department reveals that India now holds $38.2 billion in American debt instruments worth $38.2 billion as of March 2009, three times its holdings of $11.8 billion in March 2008. Although India’s holdings are a fraction of China’s, which has invested almost $768 billion in U.S. treasuries, it has experienced among the largest growth rate, moving up ten notches from 25th largest bond holder in 2008.
FOREIGN HOLDINGS OF U. S. TREASURIES
(Billions of Dollars)
| Country |
9-Mar |
8-Mar |
% Growth |
| China |
767.9 |
490.6 |
57% |
| Japan |
686.7 |
597.4 |
15% |
| Carib Bnkng Ctrs |
213.6 |
108.7 |
97% |
| Oil Exporters |
192 |
150.7 |
27% |
| Russia |
138.4 |
42.4 |
226% |
| United Kingdom |
128.2 |
200.1 |
-36% |
| Brazil |
126.6 |
149.1 |
-15% |
| Luxembourg |
106.1 |
89.8 |
18% |
| Hong Kong |
78.9 |
60.5 |
30% |
| Taiwan |
74.8 |
40.8 |
83% |
| Switzerland |
67.7 |
41.2 |
64% |
| Germany |
55 |
42.1 |
31% |
| Ireland |
54.7 |
17.6 |
211% |
| Singapore |
39.1 |
33.3 |
17% |
| India |
38.2 |
11.8 |
224% |
| Mexico |
36.3 |
38.3 |
-5% |
| Korea |
33.1 |
40.7 |
-19% |
| Turkey |
30.2 |
28.7 |
5% |
| France |
27.1 |
1.5 |
1707% |
| Norway |
26.2 |
44.5 |
-41% |
| Thailand |
26 |
25.7 |
1% |
| Israel |
19.4 |
6.5 |
198% |
| Egypt |
18.5 |
12.7 |
46% |
| Netherlands |
17.6 |
15 |
17% |
| Italy |
16.6 |
11.1 |
50% |
| Chile |
15.5 |
9.7 |
60% |
| Belgium |
15.4 |
12.8 |
20% |
| Sweden |
12.5 |
13.2 |
-5% |
| Philippines |
12.4 |
10.8 |
15% |
| Canada |
11.9 |
21.9 |
-46% |
| Colombia |
11.2 |
6.7 |
67% |
| Malaysia |
10.6 |
9.2 |
15% |
| All Other |
156.7 |
120.7 |
30% |
| Grand Total |
3265.2 |
2505.8 |
30% |
| Source: U.S. Department of the Treasury |
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