India a role model for balanced global growth: Geithner

“India in some ways is the model for how to produce broad-based economic growth, with a balanced growth in an equitable free market system,” Geithner said addressing a meeting of India and American corporate leaders, policy makers and think-tank members at a conference on ‘US-India Economic & Financial Partnership’ jointly organised by Confederation of Indian Industry (CII) and Brookings Institute, a Washington-based think-tank.

“India plays such an important role in the G-20 process, where we are trying to bring major emerging market economies together on things that are good for growth,” Geithner said.

“We work very close together in all the major international economic and financial fora... where India is playing a very important role,” said the US Treasury Secretary, adding that the US and India are looking to build a strategic economic relationship.