Indian Prime minister Manmohan Singh will meet with President Barack Obama on Monday in Washington as the two peoples discuss for boost the burgeoning economic relationship between both countries. The major economic ties key factors are Investment, Information Technology, Nuclear Power and Arms sales that took off with the end of the cold war.
The heart of their effort will be to create a embrace of economic reforms by India. “There was a good reason for that in part because India and United States are very important and also making the US India’s largest trading partner. The two leaders are discussing importing and exporting features, agriculture, education and global economic status. In term of US information technology deals with India, two in five of America’s Fortune 500 companies outsource their software in India.
The best investment in the sector, projecting that it needs some $84 billion worth of telecom equipments to hit its objective of 650 million subscribers by 2012. Total investment of US through mid-2008 mid of nearly $16 billion in Oil refineries and power, telecommunications, food processing, electronics and services make the United States is one of the India’s largest investors.
US-India Civil Nuclear agreement, offers potential for largest deals for US nuclear reactor builders like Westinghouse Electric Co, a Subsidiary of Japan’s Toshiba Corp and General Electric Co. India’s embassy says United States arms sales to India have increase from almost a some years to about $3.5 billion last year.