Finance Minister Nirmala Sitharaman began a six-day US visit focused on strengthening investment ties, engaging with business leaders in Chicago and New York, and representing India at the G20 Finance Ministers and Central Bank Governors meeting in Asheville, North Carolina, following a three-day trip to Canada for the inaugural India-Canada Economic and Financial Dialogue.
AI-generated summary
Nirmala Sitharaman's visit to the US follows a three-day trip to Canada for the inaugural India-Canada Economic and Financial Dialogue, forming part of a nine-day joint visit to both countries aimed at strengthening economic ties.
Finance Minister Nirmala Sitharaman has begun a six-day US visit focused on boosting investment ties, engaging business leaders and representing India at the G20 Finance Ministers and Central Bank Governors meeting. Her itinerary includes meetings with investors and CEOs in Chicago and New York, plus engagements on startups, technology and financial markets.
Washington: Finance Minister Nirmala Sitharaman landed in the US for a six-day visit, during which she will participate in the G20 Finance Ministers' meeting and hold talks with CEOs and business leaders to discuss investment opportunities.
Sitharaman arrived at Chicago's O'Hare International Airport on Thursday following a three-day visit to Canada, where she took part in the inaugural India-Canada Economic and Financial Dialogue.
Also read: India sends its Fab 4 across the world to woo trade, tech, energy and capital
She was welcomed by the Indian Embassy's Deputy Chief of Mission, Namgya C Khampa and the Consul General of India in Chicago, Somnath Ghosh, according to an official statement.
Sitharaman is on a nine-day joint visit to Canada and US, which is scheduled to end on September 2.
Live Events
While in Chicago, the minister will participate in a roundtable conference with prominent investors and engage with leading CEOs, presidents and senior representatives of the private sector, the statement said.
The discussions will focus on India's investment opportunities, economic outlook and areas for strengthening business and investment partnerships between India and the United States.
Sitharaman will also visit the Polsky Centre for Entrepreneurship and Innovation at the University of Chicago, where she will exchange perspectives on entrepreneurship, innovation, technology commercialisation and strengthening linkages with India's rapidly expanding startup and innovation ecosystem, it said.
The Union finance minister will later interact with members of the Indian community in Chicago.
She will also lead an Indian delegation at the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings in Asheville, North Carolina, which is being held under the presidency of the United States.
The meeting, scheduled for August 31 and September 1, will bring together finance ministers, central bank governors and senior economic officials from G20 members to deliberate on key global economic and financial issues, it said.
The meeting follows the G20 Finance and Central Bank Deputies Meeting scheduled for August 29 and 30.
India's participation in the G20 Finance Track provides an important platform to contribute to discussions on global economic growth and stability, international financial cooperation and other issues of significance to emerging and advanced economies, the official statement said.
The engagement would also provide an opportunity for India to advance its perspectives on contemporary global economic challenges and strengthen cooperation with G20 partners, it added.
Sitharaman will later head to New York, where she will hold an Investor Roundtable with CEOs and senior representatives of leading New York-based companies.
She will hold one-to-one meetings with senior executives and CEOs from the financial sector to discuss investment opportunities, India's economic and financial landscape, and avenues for strengthening financial and institutional linkages between India and the United States, it said.
During her visit to New York, NASDAQ will host Sitharaman in the bell-ringing ceremony.
Also read: Closer India-Canada economic cooperation gains importance amid global uncertainty: Sitharaman
The visit will provide an opportunity to gain insights into developments in technology-driven financial markets and the evolving interface between technology and capital markets, the official statement said.
Her visit to US comes after her three-day trip to Canada, which began on August 25.
In Canada, she attended the inaugural India-Canada Economic and Financial Dialogue in Toronto and also met investors and businesses from sectors including energy, artificial intelligence and critical minerals.
The discussions focused on strengthening economic and financial cooperation and creating greater opportunities for investment and business between the two countries.
AI outlook — possibilities, not facts
India will secure new investment commitments from US-based companies during the visit
Likely · Within weeks
The G20 Finance Ministers meeting will result in joint statements on global economic stability and financial cooperation
Likely · Within days
Jio Platforms, the digital arm of Reliance Industries, has received Sebi clearance for an IPO expected to raise up to $4 billion, which would make it India's largest-ever stock market debut. The proceeds will be used to retire debt and fund general corporate purposes, with no offer-for-sale component, resulting in 2.9% equity dilution.
Prime Minister Narendra Modi's Saptadhara initiative outlines seven development streams for India but reiterates existing goals without detailing necessary reforms for faster growth. Despite strong GDP growth averaging 6.5% over 25 years and recent acceleration to 7.6%, India needs 9.8% per-capita income growth to reach high-income status by 2047. Job creation remains a challenge for educated youth, and political hurdles block radical reforms in labor, trade, land markets, and regulation. The article argues Saptadhara is rhetoric without a blueprint for painful but needed changes.
Indraprastha Gas Limited (IGL) increased CNG prices by Rs 3.89 per kg in Delhi-NCR effective Saturday, setting the rate at Rs 86.98/kg in Delhi, marking the fifth price hike this year due to rising LNG import costs linked to the West Asia conflict.
The National Company Law Tribunal approved a resolution plan allowing Zee founder Subhash Chandra to pay approximately ₹6.5 crore against admitted creditor claims of ₹22,006.57 crore in his personal insolvency case as a guarantor for Essel Group entities. The 99.97% haircut has drawn criticism, but creditors retain recovery rights against the principal borrowing companies, and the tribunal emphasized compliance with process over commercial judgment.
India's goods exports to Canada rose to $4.7 billion in FY2026 from $3.8 billion in FY2022, with a 6% CAGR, while imports declined, turning a trade deficit into a $1.4 billion surplus. Canada's planned retaliatory tariffs on US products create openings for Indian exporters in sectors like steel, appliances, and electronics, where India already has an established presence.
Travis Kelce, Kansas City Chiefs tight end, has invested in Six Flags Entertainment through JANA Partners, which acquired a 9% stake valued at $200 million. Kelce confirmed his involvement via Instagram, citing his childhood connection to Cedar Point in Ohio. The investment comes as Six Flags faces challenges including a 45% stock decline in 2025, post-merger struggles with Cedar Fair, and economic headwinds, though shares rose nearly 18% following the announcement.