The two leaders agreed to continue to cooperate on deepening capital markets and strengthening financial regulation, Mayaram said.
The meeting was also attended by Reserve Bank of India Governor Raghuram Rajan, Secretary-Financial Services Rajiv Takru, Indian Ambassador Nirupama Rao and Securities Exchange Board of India Chairman U.K. Sinha.
On the US side, Chairman of US Federal Reserve Ben Bernanke and US Treasury Under Secretary Lael Brainard joined the discussions.
Discussing recent economic and financial developments in the two economies, Chidambaram and Lew agreed that sound macroeconomic policies, structural reforms, and strong prudential frameworks will help them increase resiliency to financial market volatility and boost economic growth, Mayaram said.
The leaders discussed the importance of investment for driving economic growth and job creation in the two economies and ways to improve the enabling environments to mobilise investment, especially for the financing of infrastructure.
The next meeting of the Partnership will be held in New Delhi in 2014.
Chidambaram leaves later Sunday for San Francisco where he would interact with the investors and highlight India as a highly attractive destination for investment. He would return home Oct 16.
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