'US working hard with India to help grow its economy'

Press Trust of India, Washington,

Jul 31 2019, 08:01 ist
updated: Jul 31 2019, 08:16 ist

We're working hard with the Indian government to provide them with opportunities to grow their economy as well," Pompeo told reporters accompanying him on a tour to the Indo-pacific region (Reuters Photo)

The United States is "working hard" with the Indian government to provide the country with opportunities to grow its economy as a part of the Trump Administration's Indo-Pacific strategy, Secretary of State Mike Pompeo said Tuesday.

"Our Indo-Pacific strategy is well on its way to bearing fruit for not only them but for the United States, and we have watched these coalitions build out. We're working hard with the Indian government to provide them with opportunities to grow their economy as well," Pompeo told reporters accompanying him on a tour to the Indo-pacific region, in response to a question.

Pompeo's remarks come weeks after a delegation of the US Trade Representatives travelled to India for talks on a wide range of bilateral trade issues, in particular tax and tariffs.

Earlier in the day, India's Ambassador to the US Harsh Vardhan Shringla said in Colorado that trade between the two countries has grown to USD 142 billion in 2018, and is expected to reach USD 238 billion by 2025.

He said the next stage of growth will be driven by the small and medium-sized enterprises (SME) in both the countries.

Specifically, the growth of SMEs in the digital marketplace present an ideal opportunity for increased India-US cooperation, he added.