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Mukherjee to discuss surge in capital flows at U.S. meet



Pranab Mukherjee

NEW DELHI: India and the U.S. will discuss issues such as capital flows to developing nations and financial sector reforms at the three-day meeting in Washington beginning Monday.

Finance Minister Pranab Mukherjee, who will leave for the U.S. on Monday morning, will hold meetings with several key American CEOs and officials, including Treasury Secretary Timothy Geithener.

Mr. Mukherjee will lead a delegation that includes RBI Governor D. Subbarao, SEBI Chairman U. K. Sinha, Economic Affairs Secretary R. Gopalan, Chief Economic Advisor Kaushik Basu and several businessmen.

“Both sides are also likely to discuss issues relating to financial sector reforms including financial regulatory reforms..., commodity pricing, financial markets and financial inclusion among others,” the Finance Ministry said in a statement.

India and the U.S. are also likely to deliberate on macro economic issues, including global rebalancing and G-20, implications of capital flows on advanced and emerging economies, currency market volatility and infrastructure financing.

Mr. Mukherjee will deliver keynote address at the conference on ‘U.S.-India Economic and Financial Partnership,' organised by the Confederation of Indian Industry in collaboration with the Brookings Institute of U.S.

He will also participate in a Cabinet level meeting of the India-U.S. Financial and Economic Partnership. The first such meeting was held last year in New Delhi.

Mr. Mukherjee will also meet U.S. National Security Adviser Tom Donilon. — PTI

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