Geithner reviews economic ties with India

Against the backdrop of preparations underway for US President Barack Obama's India visit in November, US Treasury Secretary Timothy Geithner reviewed economic relations between the two countries, and discussed ways of creating sustainable growth globally.

Geithner reviewed economic relationship between the two countries during his meeting with the Indian delegation of the US-India Aspen Strategy Group.

Besides, he discussed other issues between the two countries and it gains significance in the wake of Obama's planned visit to India in November.

"Since the secretarys visit to Delhi in April to launch the US-India Economic and Financial Partnership, the Treasury Department has initiated working groups focused on the deepening of capital markets and on macroeconomic issues, a Treasury Official said on Tuesday.

"In addition to progress being made on these fronts, the delegation discussed a broad range of issues including the G-20s commitment to create strong, sustainable and balanced global growth," the official said.

Later, the deputy secretary of State Jim Steinberg addressed the Aspen Strategy Group's US-India Strategic Dialogue.

The meeting was closed to the press, and so is the three-day strategic dialogue which begins Wednesday.

The Aspen Strategy Group convenes, along with the Indian industry lobby group Confederation of Indian Industry, the 'US-India Strategic Dialogue' to take a broad look at the relationship between the two countries and help them partner in tackling various international challenges.

For each session, 15 to 20 members from each country participate in the dialogue. Delegation members have past senior-level policy making experience and hold high positions in non-government organisations, academia, industry and the media.

Members of Congress and Indian Members of Parliament are also invited to join the delegations.