‘US investing heavily in ties with India’

The US is investing heavily in its relationship with India as it believes that Indo-US ties is going to be the defining partnership of the 21st century, a top White House official has said.

Last Updated: Jun 30, 2010, 11:42 AM IST

Washington: The US is investing heavily
in its relationship with India as it believes that Indo-US
ties is going to be the defining partnership of the 21st
century, a top White House official has said.

"I don`t think there`s any question but that the
relationship with India is going to be one of the most
important relationships for the US over the next generation,"
said Larry H Summers, Director of National Economic Council.

"That`s why we have invested heavily in that
relationship and certainly, as (the US) President (Barack)
Obama`s intention to continue investing in that relationship,"
Summers said in response to a question after delivering
remarks on technological opportunities, job creation and
economic growth.

"You realize that a generation from now they will be
two of the three largest economies in the world. And I think
we have an enormous stake in our relationship," he said.

"My hope it will be one of a deepening flow of
everything: A deepening flow of telecommunications, a
deepening flow of student exchanges, a deepening flow of
tourism, a deepening flow of foreign investment, a deepening
flow of international trade, a deepening flow of diplomatic
contact that discussed the architecture of evolving global
system," Summers said.

PTI