US Wants to Trade Even More With India: Barack Obama

New Delhi : "We want to trade even more," US President Barack Obama said today as the two-way commerce between America and India touched a record USD 100 billion.
     
"In the last few years, trade between our two countries increased by some 60 per cent, total record of USD 100 billion. We want to trade even more," he said at a joint press conference with Prime Minister Narendra Modi in Delhi.
     
Mr Obama, who is on a three-day visit, also welcomed the economic reforms being pursued by the government.
     
"...(we) welcome the reforms that the Prime Minister is pursuing to make it easier to do business here in India," he said, adding that the trade and economic partnership must focus on improving the daily lives of "our people".

"Prime Minister Modi describes for me his ambitious efforts to empower more Indians with bank accounts and to ensure clean water, clean air for Indian people and we want to be partners in these efforts," Mr Obama said.

He also said the two sides have agreed to resume discussions on the Bilateral Investment Treaty.
     
The proposed pact is aimed at protecting investments between the two nations.
     
The Modi-government has taken a slew of measures to attract foreign investments, including further liberalisation of Foreign Direct Investment or FDI norms in the defence and insurance sectors.