India India’s investment in US government securities rose to a record high of $241.9 billion in June. This is the third consecutive month when India has increased investment in US securities. According to the latest data from the US Treasury Department, Japan topped the list with securities worth more than $1,110 billion in June. China, on the other hand, is in second place with securities worth $780.2 billion. Britain was third with an investment of $741.5 billion and Luxembourg was fourth with securities worth $384.2 billion.
Among countries and other regions, India ranked 12th with US government securities worth $241.9 billion in June. It was $237.8 billion in May. According to the data, India has the highest US securities in the last one year. It was $237.8 billion in May 2024. In April this year, it had come down to $233.5 billion. While it was $240.6 billion in March. In June last year, the investment was $235.4 billion.
Canada ranked fifth
Among the top 10 countries/regions holding US securities, Canada ranks fifth with a share of $374.8 billion. It is followed by Cayman Islands ($319.4 billion), Belgium ($318 billion), Ireland ($308 billion), France ($307.2 billion) and Switzerland ($287.1 billion). Taiwan ranks 11th with an investment of $265.9 billion.
Global growth is estimated to be 3.2%
The global economy is facing uncertainty amid high inflation, geopolitical tensions and other challenges. In addition, the growth pattern is uneven. Real GDP (gross domestic product) growth in the United States was 2.8 percent annually in the June quarter, up from 1.4 percent in the first quarter of 2024. The International Monetary Fund (IMF) has projected growth at 3.2 percent for the current year in its updated World Economic Outlook report released in July.
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