No chill in Indo-US relations: Summers

trithesh

Trithesh Nandan | October 18, 2010



Top Obama aide Lawrence Summers today sought to put apprehensions of a chill in Indo-US relations over Ni-liability bill, outsourcing ban and tightening of US visa-rules to rest saying that the US did not have any disagreements with India on any issue.

“I am not aware of any significant disagreements with the Indian administration around Indo-US policies,” Summers, an assistant to US president Barack Obama for economic policy and director, White House national economic council said in New Delhi.

“The United States does think of India as an important partner supporting global framework, encourage macro-economic cooperation, supporting efforts to contain state sponsored terrorism and promote global economic integration and coming from India is something that is important to the US,” he added.

He also said that President Obama’s visit to India early next month will be historic on many counts, which signifies the importance of relationship between two nations. “We will play very large roles over the reminder of this century which the US couldn’t do in the nineteenth and twentieth century…President Obama’s trip to India which he undertakes in a few days from now will be his longest so far to a foreign nation,” Summers said.

Commenting further on the impending Obama visit, he said, it is a different kind of trip and very different kind of engagement. “It is a celebration of the two heads of state - that of the US and of India, of the engagement of the societies, companies, young people, non governmental organisations (NGOs).”

Summers, however, steered clear of the contentious issues currently affecting Indo-US relations – N-liability, visa or outsourcing. In fact, through his speech he was setting the tone for Obama’s November 5-9 visit. He will first alight in Mumbai then will travel to New Delhi to hold discussions with prime minister Manmohan Singh on wide-ranging topics.

The Director of the White House National Economic Council also lavished praise on India and said it is a country which will figure more in global discussion in coming decade. “In 2040, the discussion will be less about Washington consensus or Beijing consensus, it will be about Mumbai consensus.”

Summers’ visit to India is part of the exchange of delegations between the two countries to lay out the agenda for US President India visit in November. On his five-day visit to India, Summers will also talk to key ministries in New Delhi. He visited Mumbai on Sunday. 

However, Summers also known as Obama’s eyes and ears on finance has resigned from his post last month. He is expected to return to Harvard University after the mid-term elections are over in the first week of November.

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter