She also plans a stop in Vietnam.
Treasury Secretary Janet Yellen, left, and President of the World Bank Ajay Banga visit a School of Excellence facility in Gandhinagar, India, on July 16, 2023. | AP Photo/Ajit SolankiGANDHINAGAR, India — On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries.
Yellen’s frequent stops in the country signal the importance of that relationship at a time of tension with China. She added the U.S. would continue to cut off Russia’s access to the military equipment and technologies that it needs to wage war against Ukraine. Janet Yellen interacts with students during her visit to a School of Excellence facility in Gandhinagar, India, on July 16, 2023. | AP Photo/Ajit Solanki
“They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.”
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