Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ News / World/  'Dependence on Russia..': What FM Sitharaman said on growing India-US relations
BackBack

'Dependence on Russia..': What FM Sitharaman said on growing India-US relations

She said India's relationship with the US is improving each day, noting, 'this recognition that there is a friend, but that friend's geographical location is got to be understood'

During her US visit, Finance Minister Nirmala Sitharaman held a host of bilateral meetings and participated in many multilateral meetings. She interacted with several top officials of the Biden administration. (Ministry of Finance twitter)Premium
During her US visit, Finance Minister Nirmala Sitharaman held a host of bilateral meetings and participated in many multilateral meetings. She interacted with several top officials of the Biden administration. (Ministry of Finance twitter)

The bilateral relationship between India and the US has moved forward and deepened, Finance Minister Nirmala Sitharaman said Friday asserting that post the Ukrainian war, she sees more and more windows of opportunities opening, according to news agency PTI report.

"There is an understanding that India's relationship with the United States has actually moved forward. It's gotten deeper. There is no one questioning that," she told reporters in response to a question on the bilateral relationship.

"But there is also an understanding, not just the legacy dependence for defence equipments on Russia...that India has legacy issues as much as relationships over several decades. And if anything, I can say with a bit of a confidence there is a positive understanding. It is not a negative understanding," she said.

She said India's relationship with the US is improving each day, noting, "this recognition that there is a friend, but that friend's geographical location is got to be understood. And a friend cannot be weakened for any reason. Geographical appreciation of where we are located...northern borders being under tension even despite Covid, the western border constantly at odds and sometimes even the equipment's given to meet the terrorist issues in Afghanistan being diverted to hit at us these developments nobody can have an alternative."

"I see more and more windows of opportunities opening, rather than (US) keeping an arm's distance saying you've calibrated your position on Russia doesn't seem like you are getting closer to us. No," she said during an interaction with a group of Indian reporters in Washington DC at the conclusion of her trip.

Sitharaman was here to attend the annual spring meetings of the International Monetary Fund and the World Bank. During her visit, she also held a host of bilateral meetings and participated in many multilateral meetings. She interacted with several top officials of the Biden administration.

Sitharaman explained the developments in the Indo-Pacific region and the recently concluded 2 2 ministerial dialogue, which was topped off by a virtual meeting between Prime Minister Narendra Modi and President Joe Biden.

"Also the discussions which are going on the Framework for Indo Pacific Economic Relationship is also gaining quite a lot of traction and PM said he would consider it," she said.

It is not as if India has a choice to relocate itself, she said. India certainly wants a friendship with the United States. "But if the US also wants a friend, the friend can be a weak friend, the friend should not be weakened. We are taking decisions, we are taking calls, we are taking calibrated position because we need to be strong where we are given the geographical locational realities," Sitharaman said.

(With inputs from agencies)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 23 Apr 2022, 07:43 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App