Geithner: U.S., India not at odds on financial goals

Reuters News
|
Posted: Jun 27, 2011 6:29 PM
Geithner: U.S., India not at odds on financial goals

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Monday that the United States and India had complementary objectives in developing India's financial markets.

"I think from our perspective, the most important thing we'd like to see is progress on financial reforms that provide a deeper, more liquid market for corporate debt for infrastructure financing, that allow a little more access of American companies and their technology in the financial area," Geithner told a U.S.-India business forum. "Our interests are pretty complementary as a whole."

He said that a new emerging trend for some U.S. companies to bring some production back to the United States creates no risk for India's growth, because much of India's growth will be generated internally.

(Reporting by David Lawder; Editing by Leslie Adler)