India's holding of US Govt bonds touch $114 bn in May

India increased its exposure to US government securities by $31 billion in the first five months of the year, taking the overall holdings to $114 billion in May.

This is also the highest level of holding by India in more than a year.latest data from the US Treasury Department shows that China continued to have the maximum exposure to American Government securities with May holdings touching India's holding of US government bonds touch $114 bn in May 1.27 trillion.

In May, India’s holding climbed to $114 billion from $110.3 billion in April. The total exposure has surged by 31 billion in the first five months of 2015.

last December, the holding stood at just $83 billion, according to the data.Since May last year, the country has been steadily raising its exposure to the American Government securities.Interestingly, the US economy has been sluggish in recent months and its GDP contracted for the 2015 March quarter.