US investing heavily in its relationship with India: Summers | india | Hindustan Times
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US investing heavily in its relationship with India: Summers

india Updated: Jun 30, 2010 12:01 IST

The US is investing heavily in its relationship with India as it believes that Indo-US ties is going to be the defining partnership of the 21st century, a top White House official has said.

"I don't think there's any question but that the relationship with India is going to be one of the most important relationships for the US over the next generation," said Larry H Summers, Director of National Economic Council.

"That's why we have invested heavily in that relationship and certainly, as (the US) President (Barack) Obama's intention to continue investing in that relationship," Summers said in response to a question after delivering remarks on technological opportunities, job creation and economic growth.

"You realise that a generation from now they will be two of the three largest economies in the world. And I think we have an enormous stake in our relationship," he said.

"My hope it will be one of a deepening flow of everything: A deepening flow of telecommunications, a deepening flow of student exchanges, a deepening flow of tourism, a deepening flow of foreign investment, a deepening flow of international trade, a deepening flow of diplomatic contact that discussed the architecture of evolving global system," Summers said.