The United States economy needs India more than ever, says <span style="font-style: italic;">Chaitanya Kalbag.</span> <a href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" target="_blank" mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html"><span style="color: rgb(204, 0, 0); font-weight: bold;">More from the visit</span></a><br /><span style="font-weight: bold;">In Pictures:</span><span style="font-weight: bold;"> </span><a href="http://businesstoday.intoday.in/photoplay/119/2/obama-visit-day-1-in-mumbai.html" style="font-weight: bold;" target="_blank"><bold>Day 1</bold></a> | <a href="http://businesstoday.intoday.in/photoplay/118/1/obamas-india-visit-day-2.html" style="font-weight: bold;" target="_blank"><bold>Day 2</bold></a> | <a href="http://businesstoday.intoday.in/photoplay/120/1/obama-visit-day-3-in-delhi.html" style="font-weight: bold;" target="_blank"><bold>Day 3</bold></a>
<p>Concerns over job losses caused by outsourcing could cloud long-term business plans for the US economy.</p>
Some financial sector reforms are yet to be cleared by Parliament, so don't expect any immediate action.
India has massive expansion plans for the nuclear sector over the next four decades along with 470,000 Mw by 2050. The enormity of the 2050 target can be appreciated by the fact that the total global capacity across 30 nations is around 400,000 MW at present.<BR>
A virgin market in India presents the next frontier for nuclear plant makers but they have to deal with India's nuclear liability laws first.
There's enough on the table before the US and India to transact on but don't hold your breath on any crackers during the Barack Obama visit this Diwali. <BR><A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/sectionlist/114/1/obama-india-visit.html" target=_blank mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obama-india-visit.html"><FONT color=#cc0000>Read more on Obama</FONT></A>
Obama's promised moves towards a more environment-friendly United States will shift jobs to India and create new ones.
US President Barack Obama said the issue of distortions in international trade, which have led to major economic imbalances, would be discussed at the G- 20 meeting in Seoul next week.
<p>Commerce Minister Anand Sharma says India and the US should seriously consider going in for a comprehensive economic co-operation agreement on lines of ASEAN.</p>
Obama said that Americans were proud of some of their high-tech industries and products that they would like to sell to a growing Indian market.<br /><a href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" target="_blank" mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html"><span style="color: rgb(204, 0, 0); font-weight: bold;">More from the visit</span></a> | <span style="font-weight: bold;">In Pictures:</span><span style="font-weight: bold;"> </span><a href="http://businesstoday.intoday.in/photoplay/119/2/obama-visit-day-1-in-mumbai.html" style="font-weight: bold;" target="_blank"><bold>Day 1</bold></a> | <a href="http://businesstoday.intoday.in/photoplay/118/1/obamas-india-visit-day-2.html" style="font-weight: bold;" target="_blank"><bold>Day 2</bold></a> | <a href="http://businesstoday.intoday.in/photoplay/120/1/obama-visit-day-3-in-delhi.html" style="font-weight: bold;" target="_blank"><bold>Day 3</bold></a>
The fund will be a public-private partnership and the details will be worked out by India's finance ministry and the US treasury department.<BR><A href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" target=_blank mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html"><SPAN style="COLOR: rgb(204,0,0); FONT-WEIGHT: bold">More from the visit</SPAN></A> | <SPAN style="FONT-WEIGHT: bold">In Pictures:</SPAN><SPAN style="FONT-WEIGHT: bold"> </SPAN><A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/photoplay/119/2/obama-visit-day-1-in-mumbai.html" target=_blank><BOLD>Day 1</BOLD></A> | <A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/photoplay/118/1/obamas-india-visit-day-2.html" target=_blank><BOLD>Day 2</BOLD></A> | <A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/photoplay/120/1/obama-visit-day-3-in-delhi.html" target=_blank><BOLD>Day 3</BOLD></A>
After a ceremonial reception at the Rashtrapati Bhawan, the US President drove to Hyderabad House from Rajghat, to begin talks with the Prime Minister.<BR><A href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" target=_blank mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html"><SPAN style="COLOR: rgb(204,0,0); FONT-WEIGHT: bold">More from the visit</SPAN></A> | <SPAN style="FONT-WEIGHT: bold">In Pictures:</SPAN><SPAN style="FONT-WEIGHT: bold"> </SPAN><A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/photoplay/119/2/obama-visit-day-1-in-mumbai.html" target=_blank><BOLD>Day 1</BOLD></A> | <A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/photoplay/118/1/obamas-india-visit-day-2.html" target=_blank><BOLD>Day 2</BOLD></A> | <A style="FONT-WEIGHT: bold" href="http://businesstoday.intoday.in/photoplay/120/1/obama-visit-day-3-in-delhi.html" target=_blank><BOLD>Day 3</BOLD></A>
While addressing a gathering of students at St Xaviers in Mumbai, the US President said he'll discuss with Manmohan Singh how India and US can advance cooperation to benefit both.
<p>US President Barack Obama while interacting with students said both India and US should have greater access to each other's markets, creating a beneficial environment for both.<br /><a href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" style="font-weight: bold; color: rgb(204, 0, 0);" target="_blank" mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html">Read more on Obama visit</a></p>
<p>Soon after meeting Tata Sons Chairman Ratan Tata, the US President is said to have introduced Tata to wife Michelle as 'the person who created the $2,500 wonder car'.</p>
The US President says that Indo-US ties are going to be a defining partnership of the 21st century.<br /><a href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" style="font-weight: bold;" target="_blank" mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html">Read more on Obama visit</a> <br /><font face="Arial" size="2"><span style="font-family: Arial; font-size: 10pt;"><a href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" title="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html"></a></span></font><br />
While addressing a gathering, Republican Senator John McCain said US' anxieties about globalisation should not affect India the way recent developments in the outsourcing sector have.<br /><a href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html" style="font-weight: bold; color: rgb(204, 0, 0);" target="_blank" mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obamas-india-visit.html">Read more on Obama visit</a>
Som Mittal, president of the software industry body, said they had written to US ambassador to India Timothy Roemer about the visa rejections being faced by Indian IT firms.<br /><a href="http://businesstoday.intoday.in/sectionlist/114/1/obama-india-visit.html" style="font-weight: bold; color: rgb(204, 0, 0);" target="_blank" mce_href="http://businesstoday.intoday.in/sectionlist/114/1/obama-india-visit.html">Related Stories</a> <br />
Minister of State for IT and Telecom Sachin Pilot said the issue of visa fees hike and outsourcing has already been taken up between the two countries at the highest levels.<br />
In Mumbai, his first stop, Obama would address a meeting of top Indian and American business executives, besides having a separate meeting with American CEOs.
India's ambassador to the US Meera Shankar says Obama's visit will open new opportunities for American companies to invest in the country.
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