In order to fully capitalize on economic opportunities, USA and INDIA vowed to deepen bilateral and multilateral engagements.

At the conclusion of the second India-U.S. Economic and Financial Partnership a joint statement issued stated, “Through stronger collaboration and coordination amongst our economic and financial policymakers, this Partnership has sought to deepen U.S.-India bilateral and multilateral engagement in order to fully capitalize on the wealth of economic opportunities between our two nations.”

India’s Finance Minister Pranab Mukherjee attended the meeting with U.S. Treasury Secretary Timothy Geither and discussed challenges that both economies face in ensuring a strong recovery and price stability in the short term, as well as the range of policies necessary to reach growth at its full potential.

The joint statement also said that the U.S. is committed in making investments in technology, skills and infrastructure to maintain and enhance U.S. competitiveness in the global economy at India will take steps to marshal private and public saving to meet the infrastructural needs of its economy.

The United States and India will together expand trade and investment links and develop the financial systems. India and the United States will also work together in the G20 on an effective mutual assessment process to bring about strong, sustained, and balanced global growth.

US – INDIA VOW TO DEEPEN ECONOMIC ENGAGEMENT

Report by Sumit