Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Working closely with India during its G20 presidency on global economic issues: US Treasury Secy
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Working closely with India during its G20 presidency on global economic issues: US Treasury Secy
Breaking

Working closely with India during its G20 presidency on global economic issues: US Treasury Secy

ANI
Last updated: June 14, 2023 11:05 am
ANI
Published: June 14, 2023
Share
6 Min Read
SHARE

US Secretary of the Treasury Janet Yellen on Tuesday (local time) said that the US is working closely with India during its G20 Presidency on global economic issues. She said that the “close collaboration” between India and the US showcases how “advanced and emerging economies” can bridge political differences and make progress on shared policy objectives.

While addressing the US-India Business Council India Ideas Summit on Tuesday, Janet Yellen said, “We are working closely with India during its G20 presidency on global economic issues. I believe that our close collaboration is showing the world how advanced and emerging economies can bridge policy differences and make progress on our shared policy objectives. When India and the United States work together, we can add significant momentum to important efforts.”

India assumed the G20 Presidency on December 1, 2022. Janet Yellen stressed that debt distress in developing nations continues to pose a risk to macroeconomic growth and stability. She stated that more needs to be done to provide “timely and comprehensive debt treatments.” She lauded India for supporting Sri Lankan authorities in its reform efforts.

Yellen said, “We have taken steps forward on urgent cases like Sri Lanka where India’s proactive actions have been critical to supporting the authorities’ reform efforts. We are continuing to push for urgent action in other cases as well.” She said that the US is actively working to help India attract private capital to close its infrastructure gap.

She said that India and US have made collective efforts to evolve the multilateral development banks to address global challenges like climate change, pandemics, fragility and conflict. Yellen said that she looked forward to supporting American businesses in India.

Janet Yellen said, “We are working together to shape the digital economy. We are collaborating with India to deliver tangible outcomes on the G20’s work to enhance cross-border payments – as well as our financial inclusion efforts to connect the unbanked around the world.”

Yellen noted that the US has made significant progress to bolster bilateral ties with India. She stated that the bilateral trade between India and US reached over USD 190 billion in 2022. She said that the Biden administration has taken “concrete steps” to build on this robust partnership.

“We have made significant progress to strengthen our bilateral ties with India. The United States is India’s largest trading partner. In 2022, our bilateral trade reached over USD 190 billion. And we have significant cross-border investments and durable people-to-people ties as the two largest democracies in the world,” Yellen said.

The US Secretary of the Treasury has called US-India Economic and Financial Partnership a “centrepiece” of formal economic dialogue since the global financial crisis. Yellen said that she has met with Finance Minister Nirmala Sitharaman over ten times since assuming office and stressed that this demonstrates the importance of close collaboration between India and the US India on issues spanning the macroeconomy, climate finance and financial regulation.

Yellen called India and US close partners in responding to global disruptions. She said, “We have also been close partners in responding to global disruptions and advancing our shared goal of a free and open Indo-Pacific. We are working closely with India, Australia, and Japan through the Quad.”

Yellen said that the US is pursuing a policy called “friend-shoring” to deepen integration with its trusted trading partners. She said that they aim to expand trade ties with various nations that the US can rely on to create more redundancies in critical supply chains. She called India one of the US’ reliable trading partners.

“Our aim is to expand trade ties with the broad array of countries we can rely on – in order to create more redundancies in our critical supply chains. India is one of our reliable trading partners. Among other initiatives, we are working to connect new communities to the global market. And we are working to do so in a way that helps these communities move up the value chain,” Yellen said.

Yellen said, “India’s infrastructure investments have significant potential to boost productivity and increase the efficiency of trade between our two countries.” She stated that India and US are following what she described as “modern supply-side” policies, which include investing in human capital, physical capital, and science and technology to boost long-term economic potential. She said that both nations are also pursuing leadership in close energy technologies. (ANI)

DHSK orders inquiry into alleged negligence at SDH Chadoora after viral video
Five persons involved in Gambling arrested in Budgam: Police 
Deinstitutionalise mental health care, strengthen community-based services: WHO
Lt Governor launches ‘Swachhta Pakhwada-2024’, felicitates Safaimitras at Srinagar
Leopard sighted near Badamwari park in Srinagar; Police urges locals not to venture unnecessarily

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Dutch football league Eredivisie will have Goal-Line technology from next season
Next Article Lok Sabha Speaker Om Birla to address members of Goa Legislative Assembly on June 15
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Lady drug peddler held with contraband in Kulgam
Breaking
May 29, 2025
“We are clear that talks and terror don’t go together”: MEA says on Pakistan
Breaking Jammu and Kashmir News
May 29, 2025
“Pakistan should be brought back to FATF Grey List”: Asaduddin Owaisi in Riyadh
Breaking
May 29, 2025
Five Persons injured in Rajouri road accident
Breaking
May 29, 2025

Recent Posts

  • Lady drug peddler held with contraband in Kulgam
  • “We are clear that talks and terror don’t go together”: MEA says on Pakistan
  • “Pakistan should be brought back to FATF Grey List”: Asaduddin Owaisi in Riyadh
  • Five Persons injured in Rajouri road accident
  • Cyber Police recovers Rs 3,26,308/- from online financial frauds in Awantipora

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?