New York: There is growing recognition in the United States that India stands on the threshold of tremendous growth and influence as an economic power in the global community, the chief of New York Stock Exchange (NYSE), the world's largest bourse, said in New York.

"Your economic reforms favouring freer markets, development of infrastructure, prudent spending and commitment to education will further India's position in the global leadership," said John A Thain, Chief Executive Officer of NYSE welcoming Prime Minister Manmohan Singh who became the first Indian Prime Minister to visit the place.

Welcoming Singh as the leader who is directing India's effort at sustainable growth, which will benefit every segment of India's society, Thain said Singh, in his previous role as Finance Minister was instrumental in directing an economic agenda that has become the foundation of India's economic growth in the past decade.

Hailing Singh as the leader of the world's largest democracy, Thain said the financial community is looking forward to hearing his vision for India's future. "We hope to hear of the opportunities for greater economic cooperation between our two great nations."