Rising India translates into greater prosperity for the United States
Obama's India visit in sync with US export strategy
1 Nov, 2010, 07.20PM IST, PTI
Rising India with 8.5-8.8 per cent economic growth and a huge 1.2 billion people market is of great interest to the US companies.
The US Commerce Secretary Gary Locke, who will accompany Obama on his India visit on November 6, said recently in the Silicon Valley that "rebuilding America's economic foundation also means helping more the US companies sell their goods and services to 95 per cent of the world's consumers who live outside our borders".
"One simple example of how a rising India translates into greater prosperity for the United States is Mumbai's new airport, which involved US high-end manufacturing and services by some of America's finest firms," USIBC quoted its President Ron Sommer.
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