India invests in US debts worth $38.8 bn till May ’09
New York, August 09: India has invested in US debt securities worth USD 38.8 billion till May this year, nearly four-fold rise when compared to the same month in 2008.
Even as the world’s largest continued to reel under one of the worst recession in 80 years, India has been steadily increasing its exposure to American debt since May last year, when the holdings were worth just USD 10.3 billion.
According to data available with the US Treasury Department, India bought American debt worth USD 38.8 billion till May 2009.