Current Affairs Telugu Daily

India 12th largest overseas holder of US securities in 2017 at $147.4 bn
India's exposure to US government securities rose sharply to a high of $144.7 billion at the end of 2017, according to latest official data.The country remained the 12th largest overseas holder of such securities, just behind oil-rich Saudi Arabia, whose holding stood at $147.4 billion in December 2017.
India has been raising its holding of American government securities during last year except for a few months when the total exposure had declined.
In 2017, neighboring China was the largest holder of US government securities withholdings to the tune of $1.18 trillion, followed by Japan ($1.06 trillion), Ireland  ($326.5 billion), Cayman Islands ($269.9 billion),Brazil ($256.8 billion), the UK ($250 billion), Switzerland ($249.6 billion), Luxembourg ($ 217.6 billion), Hong Kong ($194.7 billion) and Taiwan ($ 180.9 billion).
Among the BRIC countries, India had the third largest exposure while that of Russia was lower at $102.2 billion.
  • US Capital: Washington, D.C.
  • President: Donald Trump

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