7th INDIA - US Economic and Financial Partnership meeting held in New Delhi

7th INDIA - US Economic and Financial Partnership meeting held in New Delhi
7th INDIA - US Economic and Financial Partnership meeting held in New Delhi

7th INDIA - US Economic and Financial Partnership meeting held in New Delhi


The Seventh Meeting of the Economic and Financial Partnership (EFP) was held in New Delhi on 1st November, 2019, between the Ministry of Finance of the Republic of India and the Department of the Treasury, United States of America.


The Indian delegation was led by Smt. Nirmala Sitharaman, Minister of Finance, Government of India and the U.S. delegation was led by Mr. Steven Mnuchin, U.S. Secretary of the Treasury.

The Seventh Meeting of the India-U.S. Economic and Financial Partnership is meant to deepen the economic partnership between the two countries as a framework, commensurate with the growing importance of our economic relations and significant business and cultural ties that already exist between the two nations, and to undertake further work in a number of areas to improve cooperation and support for economic development.

The United States and India recently signed a Memorandum of Understanding for cooperation, coordination, consultation and exchange of information relating to the Regulation of the Insurance Sector. Both sides look forward to the ongoing discussion on issues related to data localization.

The United States and India recognize the importance of foreign portfolio investors for supporting economic growth, and discussed ways to build on India’s positive steps in further opening to greater foreign portfolio investment.

Post a Comment

0 Comments