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U.S., India Pledge Closer Economic Ties
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NEW DELHI—Top U.S. and Indian officials pledged to deepen their economic relationship during a series of meetings on Friday, as the two countries seek to overcome differences over Russia and work together to counter China’s manufacturing dominance.
Mutual concern about China has drawn the U.S. and India closer in recent years, particularly on military and national security issues. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman worked during an annual forum to extend that collaboration to the economic sphere, even as both countries largely abstain from opening up formal trade barriers.
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