India is the 12th largest holder of government securities
Q. India is the __ largest holder of US government securities.- Published on 13 Oct 16a. 12th
b. 13th
c. 14th
d. 15th
ANSWER: 12th
India is the 12th largest foreign holder of the US government securities with exposure to the tune of 118.9 billion USD as of March end
- Despite the reduction of exposure to USD 1.245 trillion China is currently the top holder of securities in March 2016, according to data released by the US treasury department
- China owned bonds valued at USD 1.252 trillion
- China is followed by Japan which owns securities of around USD 1.137 trillion
- India is the 12th largest overseas holder of securities one place ahead of Saudi Arabia
- Saudi Arabia’s holding stood at USD 116.8 billion on March 31
- Saudi Arabia’s holdings were lumped together with that of other oil exporting nations such as Iraq and Venezuela
- In March, India owned American government securities of around USD 118.9 billion
- In terms of exposure, other countries ahead of India include Brazil, Ireland, Switzerland, Hong Kong, Luxembourg, Taiwan and Belgium
- Among BRICS grouping Brazil ad Russia fell to USD 246.4 and 86 billion respectively
- Treasury department also said that short term and long term US securities as well as banking flows were a monthly net Treasury International capital outflow of USD 98.3 billion