On November 11, U.S. Treasury Secretary Janet Yellen met India's Finance Minister Nirmala Sitharaman ahead of the 9th meeting of the India-U.S. Economic Financial Partnership in New Delhi which both leaders led. Both sides discussed issues of mutual interest, including climate finance, multilateral issues, India-U.S. cooperation at G20 under India's presidency,...
Citi CEO, Fraser: India Is an “Important Destination for Investment”
After meeting face-to-face with India's Minister for Finance, Nirmala Sitharaman, in New York during the Minister's U.S. visit, Citi CEO Jane Fraser noted that India is forging economic reform "despite a very tough spring," and the Indian economy is once again poised to fire on all cylinders. Opportunities abounded given...
Climate Envoy John Kerry Visits New Delhi
On the heels of Defense Secretary Lloyd Austin's three day stay in India, President Joe Biden sent another top aide for high level meetings in New Delhi. This highlights the importance placed on India by the Biden-Harris Administration. Special Presidential Envoy for Climate John Kerry met with Indian Prime Minister...
Moody’s Boosts India Forecast to 12 percent
Following two separate rosy projections by the International Monetary Fund and the OECD, we have similar news about India's GDP growth from Moody's Analytics. India’s gross domestic product is projected to grow by 12% in 2021, Moody’s Analytics stated. “India’s near-term prospects have turned more favorable following a stronger than...
World Bank President Lauds India's Progress
While addressing a press conference in New Delhi on October 26, World Bank President David Malpass congratulated the government on bringing India’s latest ranking in the World Bank’s annual Ease of Doing Business to 63rd. He credited the government’s moves to liberalize procedures for registering businesses, facilitating more cross-border trade,...
India to Spend $1.4 Trillion on Infrastructure
Addressing the annual meeting of the International Monetary Fund at Washington, D.C. a few days ago , India's federal minister for finance Nirmala Sitharaman said, "As we envisage becoming a five trillion-dollar economy by 2025, our focus on creating world-class infrastructure has become even more resolute ... we now are...