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9/9/2022

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to Mumbai | U.S. Department of the Treasury

U.S. DEPARTMENT OF THE TREASURY
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s
Travel to Mumbai
August 25, 2022

MUMBAI - On August 24 and 25, Deputy Secretary of the Treasury Wally Adeyemo traveled to
Mumbai, India to meet with private sector representatives and the Reserve Bank of India. In
Mumbai, he rea irmed the deep economic ties between the United States and India and
highlighted opportunities for working together to address shared global challenges like high
and volatile energy prices.
In Mumbai on August 24, Deputy Secretary Adeyemo visited IIT Bombay where he met with
students and entrepreneurs at the Society for Innovation and Entrepreneurship startup
incubator and delivered remarks on the U.S.-India economic relationship. During the remarks,
he emphasized the mutual benefits to both countries of deepening economic ties. While in
Mumbai, the Deputy Secretary met with Reserve Bank of India Governor Shaktikanta Das to
discuss global economic developments and the U.S.-India Economic and Financial Partnership.
Deputy Secretary Adeyemo also met with private sector leaders and participated in a
roundtable event with the U.S.-India Business Council and Indian financial services executives.
During those meetings, the Deputy Secretary discussed growing trade and investment
between our countries. He also highlighted the importance of reducing energy prices for
consumers and businesses in both India and the United States.
Following his events in Mumbai, Deputy Secretary Adeyemo traveled to New Delhi ahead of
meetings on August 26 with government counterparts.

https://home.treasury.gov/news/press-releases/jy0928

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