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India Triples U.S. Debt Holdings

By LIFS June 4, 2009 at 1:53 PM

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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