this story originally appeared in on oct 10 2012 new delhi indias recent burst of reforms will lead to stronger economic growth visiting us treasury secretary timothy geithner has said reflecting the turnaround in global sentiment towards the country after the government relaxed foreign direct investment norms geithner who was in delhi along with fed reserve chairman ben bernanke also sought to address the concerns of it professionals over visa rejections and said he expected a significant rise in visa issuance the recent reforms advanced by prime minister manmohan singh and finance minister p chidambaram will help provide a foundation for stronger economic growth an increase in investment and more widespread gains in income geithner said at a joint press conference with chidambaram after their bilateral meeting on tuesday in a joint statement after the indiaus economic and financial partnership meeting chidambaram and geithner said they had discussed ways to lower trade and investment barriers and steps to strengthen cooperation to fight money laundering and terror financing fm voices fears over qe3 the third partnership meeting was attended by rbi governor d subbarao and his us counterpart ben bernanke among others the reforms have been welcomed around the world geithner added voicing the restoration of faith in india after the world view turned largely negative when the government amended the incometax act retrospectively put out tax avoidance rules and deferred urgent reforms i feel very encouraged by the initiatives taken by the indian government geithner said later in the day at an interactive session organised jointly by cii and usindia business council its good for us that we are here this time when there is so much change in air he added since midseptember the government has unleashed a number of measures to attract foreign investments address tax concerns and improve business sentiment announcements that have been greeted enthusiastically by the markets and foreign investors chidambaram said he had raised concerns that the third round of quantitative easing by the us could raise commodity prices but admitted some of the money could come to india as well under its qe3 programme the federal reserve will buy bonds back to lower longterm interest rates to give a push to the us economy commodity prices have not risen that much so it is too early to talk about its impact and if qe3 improves the us economy it will also be good for india chidambaram said but we need to balance both the advantages and disadvantages he added