In view of Mr. President Barack Obama visit to South Asian giant ‘India’, here are some updates on Indo-US bilateral relationship. The basic purpose of Mr. Obama’s visit is to strengthen the bilateral relationship. U.S. President Barack Obama began his maiden visit to India on last Saturday by promising to remove restrictions on sensitive high-tech exports, a nagging irritant in the evolution of bilateral ties, even as he declared deals worth $15 billion that would support some 54,000 American jobs and seek to answer critics back home. This visit and the expected outcome of more employment generation is considered to be greatest achievement of Mr. Obama after the recent debacle in US Polls.
The White House will, of course, stay in Washington but the heart of the famous building will move to India when President Barack Obama landed in Mumbai on Saturday. Communications set-up and nuclear button and majority of the White House staff will be in India accompanying the President on this three-day visit that will cover Mumbai and Delhi, India. He will also be protected by a fleet of 34 warships, including an aircraft carrier, which will patrol the sea lanes off the Mumbai coast during his two-day stay there beginning Saturday. The measure has been taken as Mumbai attack in 2008 took place from the sea. Mr. Obama visit to Mumbai went considerably good.
The United States is the world’s largest recipient of Foreign Direct Investment (FDI). India is among the fastest growing investors in the United States. As the U.S.-India economic relationship deepens, investment from India contributes to the growth and vibrancy of the American economy and in the creation of jobs in the United States. Over the last decade, investment capital from India grew at an annualized rate of 53% reaching an estimated $4.4 billion in 2009. This growing flow of capital from India reflects the increased integration of the two economies and has brought many benefits to the United States, increasing U.S. exports and supporting tens of thousands of jobs in the last six years alone.
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