India China Economic growth good for world economy - America

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The United States of America wants to see Economic growth in major emerging South Asian economies like India and China over a sustained period of time as it strengthens the world economy and benefits the America too. I think one of the great strengths of the world economy, looking forward, is the prospects of a long period of very rapid growth in the major emerging economies, including China, India, Brazil, Russia, US Treasury Secretary Tim Geithner told reporters Monday. And it s very important that you see-we want to see that growth happen over a sustained period of time, he said at a White House briefing when asked about what he saw as an appropriate role of BRIC nations in the global economic situation, especially in Europe. We will benefit as a country from the realization of those very optimistic long-term growth prospects. We ll export more. We ll see more jobs created in the United States, Geithner said. And we expect to be major beneficiaries as a country of that long boom we re seeing. We want to see them contribute to global growth, and to do so in a way that s more balanced and fair, he said.



However, Geithner noted they re going to face different policy requirements than we in the United States because they re in a very different situation. But again, they re a great source of strength for the global economy, and the faster they grow in the future, the more we ll benefit as a country and the more balanced the global economy will be. America had a huge stake in helping Europe find a more effective strategy to tackle its financial crisis, Geithner said asserting that Europe had the will to combat its challenges. We have a huge stake as a country in helping them deal with those challenges. We have a huge economic stake, financial stake. So we are working very closely with them and being very supportive and as they try to craft a more effective strategy. Is there political will there? I believe there is. (Arun Kumar can be contacted at

source : htt p://www.bharatdefencekavach. com/News_1109$1$53--India--China-growth-good-for-world-economy--US-.html

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