India-US to Work Together on Finance Reform and Infrastructure

In a joint statement issued at the end of day long deliberations at the Second Cabinet level meeting of the U.S.-India Economic and Financial Partnership in Washington, D.C on 28 June. The two sides agreed to a robust roadmap for the coming year that included deeper engagement in the following areas within each pillar of the Partnership:

• Macroeconomic challenges, including growth, unemployment, inflation, global liquidity, commodity prices, international capital flows and fiscal consolidation.

• Financial sector reforms, including deepening of capital markets, financial inclusion, and ensuring the stability, transparency, and integrity of the financial system.

• Infrastructure finance, including innovative strategies to mobilize capital for infrastructure development, and sharing best practices and building capacity for design and successful execution of Public Private Partnerships.

[Source: PIB (MoF) Press Release dated 29 June 2011]