Minister Sitharaman invites US counterpart for India meet

Indian Finance Minister Nirmala Sitharaman met US Treasury Secretary Janet Yellen in Washington DC and discussed the global macroeconomic situation and various issues of significance with a view towards India's upcoming G20 Presidency.

"Union Finance Minister Nirmala Sitharaman met US Treasury Secretary Ms Janet Yellen @SecYellen at the US Treasury, in Washington DC, today. The two leaders discussed current global #Macroeconomic situation among other issues of mutual interest," the Finance Ministry tweeted.

"FM Smt. @nsitharaman invited Ms @SecYellen to India in November to attend the U.S-India Economic and Financial Partnership meeting. This will be Secretary Janet Yellen's first visit to India as Treasury Secretary," the ministry added.

Underlining the importance of the US-India economic ties, the US Treasury Secretary Janet Yellen said the relationship between the two countries demonstrates to the world that democracies deliver.

She said that the India-America relationship is critical to address the world's global economic challenges.

After her bilateral meeting with Finance Minister Nirmala Sitharaman on Tuesday evening, Secretary Janet Yellen announced that she would travel to India next month to attend the ninth edition of the US-India Economic and Financial Partnership.

"Finance Minister Sitharaman, I am pleased to welcome you back to the Treasury Department today. The US-India relationship is critical to addressing the world's most important global economic challenges. I am glad to announce today that in November ahead of the G20 meetings, I will take my first trip to India as Treasury Secretary, to attend the US-India Economic and Financial Partnership, our ninth Partnership meeting," Yellen said as quoted by the statement released by US Department of the Treasury.

(ANI)