India, US are natural allies: US Treasury Secretary Janet Yellen | India News

NOIDA: Facts USA and India are natural allies that can show the rest of the world that democracies can benefit their citizens, despite upheavals and wars, the United States Treasury Secretary Janet Yellen said on Friday.
Yellen, in an emphatic speech Biden the administration’s desire to deepen economic ties with India, saying that both the global economy and the idea of ​​democracy are at inflection points.
Her review at a Microsoft research facility on the outskirts of New Delhi controlled as Congress of the United States of America Still undecided after Tuesday’s midterm elections.
“America and India are ‘natural allies’, in the words of a former Indian prime minister,” Yellen said, adding that both nations waged similar independence battles to achieve freedom. due and dignity. ”
“People all over the world are turning to us and asking: can democracies meet the economic needs of their citizens? Can they resist bullies and cooperate in these things? the hardest global problem to solve?” she speaks.
As the two largest democracies, India and the United States could answer the skeptics by taking actions over the next year and beyond that could “demonstrate the capacity of our democracies.” to give back to our people. I am confident that we will succeed.”
Among these actions are India’s goals as the leader of the Group of 20 major economies next year, which should focus on the countries’ shared priorities in boosting investment to combat change. climate change, breaking the logjam in debt restructuring for poorer countries, and improving the digital economy’s accessibility.
“India’s G20 year is an opportunity to accelerate global coordination on debt restructuring,” Yellen said.
She also said that ending the war in Ukraine was a “moral imperative” but that economic challenges from the conflict and from supply chain tensions were pulling India and the United States closer together. The United States is working to strengthen India’s “friend” role as a reliable and trustworthy supplier.


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