The relations between India and America have seen many ups and downs in the last month. Amidst all this, US Finance Minister Janet Yellen said on Tuesday that India-US relations are critical to deal with the world's global economic challenges.
Janet made this statement after her bilateral meeting with Nirmala Sitharaman. Let us tell you that on Tuesday, Finance Minister Nirmala Sitharaman met US Secretary of Finance, Janet Yellen. During the meeting, the two leaders discussed the current global situation along with other issues of mutual interest.
Janet Yellen is to visit India next month
Janet Yellen, after meeting and discussing with Nirmala Sitharaman, announced that she would visit India in November next month to participate in the ninth edition of the US-India Economic and Financial Partnership.
Open talk on Indo-US relationship
"It gives me great pleasure to welcome you to the Treasury Department today," Janet Yellen told Sitharaman, quoting a statement issued by the US Department of the Treasury. US-India relations remain fragile as it tackles the world's most important global economic challenges.
Janet said she will be making her first visit to India to attend the ninth edition of the US-India Economic and Financial Partnership ahead of the G20 meetings in November. Let us tell you that in the last few years, many trade relations have been established between India and America and there have been important discussions between the two countries on many issues.
India-US relations important for economic interests
Regarding the importance of economic relations between India and America, Janet said that this partnership between the two countries is important not only for our core economic interests. Janet said, "This reflects the close ties between our two countries.
The US Secretary further said that both the US and India are extremely important to the world economy and we need to continue to work together on economic development and cooperation to further strengthen our partnership. The US is happy that India is joining the Indo-Pacific Economic Framework. Through this, the economic ties between the two countries will deepen even further.
It is very important to strengthen the supply chain
On sanctions being imposed due to the Kovid epidemic and the ongoing war between Russia-Ukraine, Janet said that the global shock raised energy and food prices in both countries. The US secretary said he looked forward to discussing how the two countries would strengthen supply chains and invest in clean energy.
Sitharaman will participate in the meeting of the IMF and World Bank
Let us tell you that Sitharaman is on an official visit to the US during which she will attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, G20 Finance Ministers, and Central Bank Governors (FMCBG) meetings. Apart from this, Sitharaman will also participate in bilateral meetings with several countries including Japan, South Korea, Iran, Saudi Arabia, Australia, New Zealand, and Germany.
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