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Treasury1 Secretary Urges India to Press
Economic Reform
印度财政部长敦促进行经济改革
Treasury Secretary John Snow says economic cooperation between India and the United States "has never been better."
Mr. Snow spoke2 to reporters in New Delhi where he met senior government officials to review the growing commercial relationship between the two countries.
He said India has taken steps to liberalize its financial markets, but needs to do more to allow greater scope for foreign ownership in the banking3 and insurance industry. He says this would be in the country's best interests.
John Snow: We commend you for that and urge you on with those initiatives because they have huge potential for lifting growth rates, and helping4 address the issue that I know is much on your mind ... reducing poverty levels, creating employment, stronger job numbers.
The two sides also discussed how India can improve its investment climate to attract more American private financing for infrastructure5 -- seen as a huge bottleneck6 to further expansion of its growing economy.
India has attracted more foreign businesses in recent years, and is seen as having the potential to become a major economy.
Indian Finance Minister P. Chidambaram also expressed optimism about increasing engagement with the United States.
P. Chidambaram: Economic cooperation between the two countries is growing, it is stronger every year and I believe it will get stronger in the future too.
In a joint7 statement following a meeting of the India-U.S. Financial and Economic Forum8, both countries said global economic performance remains9 sound, although rising energy prices, tightening10 of financial market conditions, and uneven11 growth in the world present a challenge. The two sides also emphasized the need to combat terrorist financing and money-laundering operations.
Mr. Snow also said the United States is committed to reducing its fiscal12 deficit13, and to increasing domestic savings14.
He came to the Indian capital from Bombay, where he met some of the country's top industrial leaders.
Anjana Pasricha, for VOA news, New Delhi.
注释:
potential [pE5tenF(E)l] n. 潜力
bottleneck [5bCtl7nek] n. 瓶颈
optimism [5CptimizEm] n. 乐观
uneven [5Qni:vEn] adj. 不平坦的,不平均的
money-laundering 洗钱
Bombay [bCm5bei] n. 孟买
1 treasury | |
n.宝库;国库,金库;文库 | |
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2 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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3 banking | |
n.银行业,银行学,金融业 | |
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4 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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5 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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6 bottleneck | |
n.瓶颈口,交通易阻的狭口;妨生产流程的一环 | |
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7 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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8 forum | |
n.论坛,讨论会 | |
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9 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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10 tightening | |
上紧,固定,紧密 | |
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11 uneven | |
adj.不平坦的,不规则的,不均匀的 | |
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12 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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13 deficit | |
n.亏空,亏损;赤字,逆差 | |
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14 savings | |
n.存款,储蓄 | |
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