PM’s Opening Statement to Business Leaders in New York
(27 September 2013)
Transcript of Statement to Media by Prime Minister Dr. Manmohan Singh after his BilateralMeeting with President Obama in Washington D.C
I welcome you all to this meeting, which you have come to attend at such shortnotice on a Friday evening.
In today’s world, a strong two way economic and business partnership is the
bedrock of a strong bilateral relationship. The business communities in both our countries have played a very important role in the development of the India-U.S.strategic partnership. Our cooperation is now truly broad-based.Apart from trade and investment, we are constructively engaged in energy security,education and research, defence, homeland security and cyber security.President Obama and I had a very productive meeting earlier today and I conveyedto him that, despite economic turbulence all around, our trade and investmentrelationship remained a high point of Indo-US engagement.I am aware that the business community in the United States has some concerns
about India’s growth prospects, macroeconomic stability and the economic policy
environment. Doubts have been expressed about our sincerity in this regard. This isa mistaken perception. I would like to use this meeting to correct it if I can, andalso to understand your points of view.We have an abiding commitment to fostering an economic environment that isopen, predictable and transparent, and which is business and investment friendly.We are determined to restore the high momentum of growth of the past decade andmaintain macroeconomic stability. We also know that achieving this means moreand not less reforms.