US portfolio holdings in India hit $390 billion in 2025, rank 12th globally
Synopsis
American investors held $390 billion in Indian securities at end-2025 — $72 billion more than in mainland China — with over 97% concentrated in equities. India's unchanged 12th-place ranking in the US Treasury's annual survey signals steady but not surging confidence, even as total US overseas holdings jumped from $15.8 trillion to $19.3 trillion in a single year.
Key Takeaways
US portfolio holdings in India rose to $390 billion at end- 2025 , up $7 billion (1.8%) from the prior year.
India retained its 12th-place ranking among destinations for US portfolio investment for the second straight year.
US investors held $380 billion in Indian equities and $11 billion in long-term Indian debt securities.
India's holdings exceeded mainland China ($318 billion) by $72 billion and edged past South Korea ($384 billion).
Total US portfolio holdings of foreign securities globally climbed to approximately $19.3 trillion from $15.8 trillion in 2024.
Data is sourced from the US Treasury , Federal Reserve Bank of New York , and Board of Governors of the Federal Reserve System .
US portfolio holdings in Indian securities climbed to $390 billion at the end of 2025, keeping India firmly among the top destinations for American overseas capital, according to preliminary data published by the US Department of the Treasury on 31 August. The figures, drawn from the Treasury's annual survey of US portfolio holdings of foreign securities, show India holding its 12th-place global ranking for the second consecutive year.
Key Figures and Asset Breakdown
The $390 billion total marks a $7 billion increase from $383 billion recorded at the end of 2024 — a rise of approximately 1.8%. Equities dominated the portfolio: US investors held $380 billion in Indian stocks, up from $373 billion a year earlier. Holdings of Indian long-term debt securities rose to $11 billion from $10 billion, while short-term debt exposure remained below $500 million.
The survey was conducted jointly by the Treasury Department, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. Importantly, the figures capture only market value of securities held by US investors and exclude foreign direct investment in physical assets such as factories or infrastructure.
India Ahead of China and South Korea
India edged ahead of both mainland China and South Korea in the rankings. US portfolio holdings in mainland China stood at $318 billion — comprising $300 billion in equities and $17 billion in long-term debt — up from $240 billion in 2024 but still $72 billion below the India figure. South Korea attracted $384 billion, placing it just behind India at 13th.
Higher up the rankings, Taiwan placed 10th with $668 billion and Australia ranked 11th with $478 billion. The Cayman Islands led all destinations at $3.07 trillion, followed by the United Kingdom at $2.01 trillion and Canada at $1.89 trillion. Japan, Ireland, France, Switzerland, the Netherlands, and Germany rounded out the top ten.
Broader Global Picture
Total US portfolio holdings of foreign securities rose sharply to approximately $19.3 trillion at the end of 2025, up from $15.8 trillion a year earlier. Equities accounted for the bulk of that — $15.25 trillion, or nearly four-fifths of the overseas portfolio — rising from roughly $12.1 trillion in 2024. Foreign long-term debt holdings reached $3.61 trillion, while short-term debt securities stood at $423 billion.
What This Means for India
India's steady 12th-place ranking, combined with a modest but consistent year-on-year increase in US holdings, signals durable confidence among American institutional investors in Indian equities. The near-total equity skew — with stocks comprising over 97% of US holdings in India — reflects the relative underdevelopment of India's bond market for foreign participation, a gap policymakers have been working to close through index inclusion and regulatory reforms. The data also arrives as India-US economic ties deepen, with bilateral trade and investment frameworks under active negotiation.
Point of View
Limiting the depth of the capital relationship. More telling is the China comparison — American holdings in mainland China surged from $240 billion to $318 billion in a single year, a 32% jump that narrows India's lead faster than the headline India number implies. If that trajectory continues, India's comfortable $72 billion cushion over China could compress quickly, making the next annual survey a more consequential read.
NationPress
1 Sept 2026
Frequently Asked Questions
What are US portfolio holdings in India as of 2025?
US portfolio holdings in Indian securities stood at $390 billion at the end of 2025, according to preliminary data from the US Department of the Treasury. This is up $7 billion, or about 1.8%, from $383 billion at end-2024.
What rank does India hold among destinations for US portfolio investment?
India ranked 12th globally among countries and jurisdictions attracting the largest amount of US portfolio investment at end-2025, unchanged from its position the previous year.
How do US holdings in India compare with those in China?
US portfolio holdings in mainland China were valued at $318 billion at end-2025, which is $72 billion below the India figure of $390 billion. However, China's holdings surged from $240 billion in 2024 — a much faster rate of growth than India's 1.8% rise.
What types of Indian securities do US investors hold?
The overwhelming majority is in equities: US investors held $380 billion in Indian stocks at end-2025. Long-term debt holdings stood at $11 billion, while short-term debt exposure was below $500 million.
How large are total US portfolio holdings of foreign securities worldwide?
Total US portfolio holdings of foreign securities reached approximately $19.3 trillion at end-2025, up from $15.8 trillion a year earlier. Equities accounted for $15.25 trillion, or nearly four-fifths of the total.
