US economy to benefit from strong US-Indian ties
Posted by Stephen Cline on August 25th, 2010The US Treasury Secretary Timothy Geithner has hailed US–India ties and has said that these ties bode well for the US economy and its fight against recession, Geithner is in India on a visit to New Delhi and he has the opinion that US-Indian ties will bring about a great deal of cooperation to create a more stable world economic systems as well as balanced growth of the global economy. He was gushing about the scope of this cooperation that has not been utilized to its fullest potential and needs to be capitalized if mutual benefits were to accrue from the close ties and relationships.
Geithner expressed a keenness to get the talks and the ties to a new level of cooperation between the worlds oldest and its largest democracies. He said that India had shown a great deal of maturity as well as sagacity in dealing with the economic crisis, which is ensuring that the world economy is growing at a time when the so called developed economies were reeling under the onslaught of the world economic crisis. The Indian baking system has also stood tall, and ensured that while India saw 6.8% growth in GDP last year, in the next it could well reach 8.5% which is so very impressive.
Tags: US economy, US – India ties