India 12th largest overseas holder of US securities in 2017 at $147.4 bn

Highlights:

  • India's exposure to US government securities rose sharply to a high of $144.7 billion at the end of 2017.
  • 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.
  • It is compiled by the US Treasury Department.
  • It show that the holding of India went up to $144.7 billion in December last, an increase of little over $ 26 billion compared to the year-ago period. In December 2016, the exposure was just $118.2 billion.
  • While holding at the end of December is at a one-year high compared to December 2016, the exposure was slightly higher at $145.1 billion in September 2017.
  • In 2017, neighbouring China was the largest holder of US government securities with holdings to the tune of $1.18 trillion, followed by Japan at $1.06 trillion.
  • At the third position was Ireland whose exposure rose to $326.5 billion.
  • As per the data, Cayman Islands was at the fourth position with holding worth $269.9 billion, followed by 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.
  • Earlier this month, preliminary data from the June 2017 benchmark survey of foreign portfolio holdings of US securities showed that the total value of such holding was $18.44 trillion.
  • Out of the total, $7.19 trillion was in equities, $10.29 trillion in long-term debt securities and $954 billion in short-term debt securities.
  • The previous survey, conducted as of June 30, 2016, measured the value of total foreign holdings of US securities at $17,139 billion, with holdings of $6,186 billion in US equities, $10,044 billion in US long-term debt securities and $909 billion in US short-term debt securities.