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Highest level India-US economic meeting next week

Seeking to unlock the "untapped enormous economic potential" between India and the United States, the Obama Administration is lining up its top financial officials for next week's India-US economic partnership dialogue.

world Updated: Jun 23, 2011 11:25 IST

Seeking to unlock the "untapped enormous economic potential" between India and the United States, the Obama Administration is lining up its top financial officials for next week's India-US economic partnership dialogue.

Finance minister Pranab Mukherjee would receive a red carpet welcome from his US counterpart, Treasury Secretary Timothy Geithner, as the two top leaders sit down on Monday and Tuesday for a series of meetings aimed at taking the economic relationship between the two nations to an altogether new level.

At the two-day meeting, the Obama Administration, besides Geithner, would be represented by Federal Reserve Chairman Ben S Bernanke, Securities and Exchange Commission Chairman Mary Schapiro and Commodity Futures Trading Commission Chairman Gary Gensler, among others.

"The comprehensive inter-agency representation from both sides makes this the highest level of economic meeting ever between our two nations, demonstrating the vision and commitment of both our countries for an ever-deepening economic partnership," a senior treasury Official told reporters ahead of the two-day meeting next week.

The partnership was first announced during the 2009 State visit by Prime Minister Manmohan Singh to the US and formally launched by Geithner and Mukherjee in Delhi last year.

"As two of the world's largest economies, our relationship provides enormous opportunities for Americans and Indians alike. The partnership seeks to deepen those ties and strengthen these opportunities," the Treasury official said.

Besides the main meeting between Geithner and Mukherjee, there would be separate working group meetings on macroeconomic policy, access of finance by small businesses and infrastructure finance at the sub-cabinet level.