Fourth India-US Economic and Financial Partnership Meeting held

The fourth annual meeting of the India-US Economic and Financial Partnership was held at the IMF headquarters in Washington DC on 13 October 2013. During the meeting, India and the US agreed to further strengthen bilateral economic ties and work towards a greater understanding of investment related issues. India and USA in a joint statement released after their meeting in Washington stated that India has become one of the fastest growing sources of investment into the US.

The joint statement stated that despite a challenging global economy, US-India bilateral trade in goods and services grew from 59.9 billion dollars to 92.5 billion between 2009 and 2012. The two nations also agreed to continue to cooperate on deepening capital markets and strengthening financial regulation.