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Al Jazeera
Al Jazeera
Business

US Treasury Secretary Yellen looks to India for ‘friend-shoring’

Janet Yellen India Nirmala Sitharaman Joe Biden G20 China IPEF Microsoft Quad Supply chain
In her comments, US Treasury Secretary Janet Yellen highlighted the Biden administration's desire to deepen economic ties with India [Handout/Indian Finance Ministry via AP Photo]

Supply chains, Russia’s war in Ukraine and the impact of COVID-19 were top issues for US Treasury Secretary Janet Yellen as she met with Indian government and business leaders in New Delhi.

Both Yellen and Indian Finance Minister Nirmala Sitharaman called for the strengthening of supply chains with trusted trading partners in the Indo-Pacific region to diversify away from countries that present geopolitical and security risks.

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