US President Donald Trump.
The White House on Friday listed investments worth over $10.87 trillion in the US, including more than $330 billion from India, placing the country among the leading investors in the American economy.The investment figures were displayed in a video played on a loop on the White House’s YouTube channel. The list included two separate entries for India, one showing investments worth $310 billion and another listing $20.5 billion.“Lo-fi beats & billion-dollar investments to build America's Golden Age. Sit back, relax & enjoy the soothing sound of trillions pouring into America this Friday,” the White House said in a post on X.
The video also featured a $15 billion steel plant announced by Essar Group's Mesabi Metallics in Iowa. The overall investment tally includes commitments from foreign countries as well as private industry in the US. The White House did not immediately respond to queries on the investment figures.In March, US President Donald Trump announced that Reliance Industries was investing $300 billion to establish an oil refinery in Brownsville, Texas.
In May, Indian industry announced plans to invest up to $20.5 billion in the US on the sidelines of the SelectUSA Investment Summit.Trump has repeatedly highlighted investment commitments as evidence of his administration's economic achievements.During public rallies ahead of the November 3 midterm elections, he has claimed that his administration secured more than $20 trillion in investments and commitments for the US economy.The investment showcase comes as the US faces a widening budget deficit and mounting concerns over its public debt.The federal budget deficit rose to $1.99 trillion in fiscal year 2026, up 12 per cent from $1.78 trillion in the previous year, according to data released by the Treasury Department on Friday.The deficit, which occurs when government spending exceeds revenue, reached its highest level since 2021.The widening shortfall comes amid concerns over the country's $40.3 trillion debt burden and rising inflation, even as borrowing costs climb.Refunds linked to Trump's tariffs, which were overturned, have further added to the budget gap, the report said. The deficit increase also comes despite Trump's promises to rein in government spending.