Obama Pledges Economic Aid to India, but Says Trade Barriers Remain

U.S. President Barack Obama has pledged $4 billion in American investments and loans to India, but said trade between the world's two largest democracies is still marked by "so much untapped potential."

On the second day of a three-day visit to India, Obama told a business conference attended by U.S. and Indian corporate executives there are "still too many barriers, hoops to jump through" in completing deals between the two countries.  He noted that bilateral U.S.-India trade totals only $100 billion annually, less than a fifth of American business deals with Chinese companies.


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