Washington, June 1 (IANS) The economic growth of India is stunning, and boosting bilateral ties will be conducive to both nations, US Assistant Commerce Secretary for Market Access and Compliance Michael Camunez said Thursday.
Camunez reiterated the stance of the Obama administration that the relationship between the United States and India, bound by shared interests and values, will be one of the defining partnerships of the 21st century, Xinhua reported.
The US is the largest source of foreign investment in India, as the total US foreign direct investment in India stood at $18.6 billion in 2009, up 12 percent from 2008, he noted in an article posted on the department’s website.
‘I am convinced that continued market-opening policies will be the key to India’s future success, and to the continued deepening of our nations’ economic engagement and partnership together,’ he added.
