NEW DELHI -(Dow Jones)- India and the U.S. Tuesday agreed to cooperate on economic and financial issues as the two democracies sought to foster ties to achieve sustainable and balanced growth.
"The newly launched dialogue will encompass discussions of economic developments in both countries as well as bilateral policy actions in the broader context of the Group of 20 commitment to strong, sustainable and balanced growth," the Indian government said in a statement.
Discussions will also be held on infrastructure financing, including the potential of private-public partnerships for critical investments, it said.
The partnership--India-U.S. Financial and Economic Partnership--was launched by Indian Finance Minister Pranab Mukherjee and U.S. Treasury Secretary Timothy Geithner, who is on a two-day visit to India.
A cabinet-level meeting led by Geithner and Mukherjee will next be held in the U.S. Senior officials of both countries will continue to consult closely on issues of mutual interest during the year, the statement added.
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