Tuesday, April 6, 2010
US, India Must Push for Balanced Growth: Geithner
As the April 15th deadline for the United States to label China as a currency manipulator, the US is trying to shore relations with the emerging economic power, India. It is a great strategy to make China sweat a little bit. The US Treasury Secretary lauded India for its growth and ability to make relatively good strides in this bad economy. The Secretary also talked about how India has made an appeal to recognized in the IMF and World Bank and said that India should be recognized. This meeting had no references to the China currency problem but did speak on how countries need to be more flexible to other currencies to ease out of the economic crisis.
Subscribe to:
Post Comments (Atom)
1 comment:
This is a very interesting idea that the U.S. and India need to work together. Although India has a very large economy, it is still a developing country compared to the United States. This makes it interesting that Secretary Geithner would say that the countries are similar. It is also surprising that India is doing well. This is probably due to the fact that it may not have the financial institutions that hurt many of the more developed nations. Geithner is probably trying to strengthen the relationship with India so that if the declaration about China hurts U.S.-Chinese relationships, the U.S. still has a close partner in the region.
Post a Comment