Posted by Zia H. Shah MD - Twitter: @ZiahShah1
The US wants India to become one of its top 10 trading partners, treasury secretary Timothy Geithner said as the two countries agreed on improving access to each other’s markets. He made the remarks after meeting India’s Finance Minister Pranab Mukherjee at the second India-US Economic and Financial Partnership. India is currently the US’ twelfth largest trading partner, with bilateral trade of almost $50bn (£31bn). US is the world’s biggest economy. “In the United States, we aren’t just watching India’s rise as an economic power, we support it. We encourage it. And we want to help advance it,” Mr Geithner said. “India’s growth is good for us, just as our growth is good for India,” he added.