PROPELLING GLOBAL GROWTH

As two of the world's largest democratic economies, the United States and India are indispensable partners in advancing global prosperity and a free, fair, and rules-based economic order.

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President Biden highlighted the impactful participation of Prime Minister Modi in the G7 Hiroshima Summit and looks forward to the G20 Summit in September in New Delhi. He applauded India's leadership in its ongoing G20 Presidency, which has brought renewed focus on strengthening multilateral institutions and international cooperation to tackle global challenges such as climate change, pandemics, fragility and conflict, along with work to accelerate achievement of the UN Sustainable Development Goals, and lay the foundation for strong, sustainable, balanced, and inclusive growth.

Prime Minister Modi and President Biden are united in their determination to use the G20 to deliver on shared priorities for the G20 Leaders' Summit, including improving the sovereign debt restructuring process; advancing the multilateral development bank evolution agenda, including mobilizing new concessional financing at the World Bank to support all developing countries; and raising the level of ambition on mobilizing private sector investment for quality, sustainable, and resilient infrastructure, including through the Partnership for Global Infrastructure and Investment. The United States looks forward to hosting the G20 presidency in 2026, nearly two decades after the first full-scale G20 Leaders' Summit in Pittsburgh.