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Andhra Pradesh - Vijayawada Printer Friendly Page   Send this Article to a Friend

‘India will be third largest economy by 2025'

Special Correspondent

US now extending its interest in the country beyond metros to smaller places like Vijayawada: Consul-General


‘Recent visit of US President Barack Obama will be remembered as a watershed in bilateral ties'

She says trade between India and the US is ‘balanced'


— PHOTO: RAJU V.

Exploring new vistas: US Consul-General Katherine Dhanani addresses a meeting with members of the Confederation of Indian Industry in Vijayawada on Wednesday.

VIJAYAWADA: India was the second fastest growing economy in the world and it would grow to be the third largest after the United States and China by 2025, U.S. Consul-General at Hyderabad Katherine Dhanani said here on Wednesday.

Interacting with members of the Confederation of Indian Industry, she said that the US foresaw a tremendous future for India.

Therefore, the US was now extending its interest beyond the metros to smaller places like Vijayawada and Visakhapatnam as part of its efforts to strengthen Indo-US trade relations.

She said there was a tremendous change in the Indo-US trade relationships in the past couple of decades.

India's initiate of economic reforms and the collapse of the Soviet Union were two factors that catalysed the strengthening of the relations between the two of the world's great democracies.

Ms. Dhanani said that the recent visit of US President Barack Obama would be remembered as a watershed in the relations between the two countries that embarked for the first time on concrete initiatives to develop a global strategic partnership.

The visit of Mr. Obama launched the third era of the Indo-US relationships.

In the first era the relationship between the two countries could be described as “chilly”, but in the last two decades it warmed up into a “mature partnership” despite changes in the governments of both countries.

The Consul-General said that trade between India and the US was ‘balanced', unlike some other countries because of the large domestic market here.

India imported a lot of goods from the US and exported services to it, she said.

Vijayawada Zone CII chairman J.S.R.K. Prasad, showcasing the region, said that the four districts associated with Vijayawada – West Godavari, Krishna, Guntur and Prakasam – were rich in both agricultural and mineral resources.

Skilled and semi-skilled labour was cheaper and of better quality.

Healthcare sector was well established with scope for domestic and international medical tourism.

The city, which was in the lap of a well-established road and railway network, was easily accessible to states in both northern and southern parts of the country.

Vijayawada Zone CII vice-chairman Y.V. Krishna Mohan said that the US could help small manufacturing units upgrade their technologies.

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