India not ‘stealing’ US jobs: Manmohan Singh

"India is not in the business of stealing jobs from the United States of America," told a joint press conference with US President Barack Obama in New Delhi. – AFP Photo

NEW DELHI: India has no interest in "stealing" US jobs, Prime Minister Manmohan Singh said Monday, arguing that India's outsourcing industry had helped US industry to grow.

"India is not in the business of stealing jobs from the United States of America," told a joint press conference with US President Barack Obama in New Delhi.

"Outsourcing has helped improve the capacity and productivity of American industry," he added. – AFP

Obama announces $10bn in Indian trade deals

 MUMBAI: President Barack Obama on Saturday announced 10 billion dollars in trade deals with India that he said will create 50,000 US jobs, as he sought to show Americans an economic dividend from his state visit.

Obama made the announcements, and also unveiled a major reform of US export controls to benefit trade with India, in a speech to US and Indian businessmen and entrepreneurs soon after arriving in India’s commercial capital Mumbai.

“As we look to India today, the United States sees an opportunity to sell our exports in one of the fastest growing markets in the world.

Obama to focus on jobs, economy on India visit

White House Press Secretary Robert Gibbs listens to questions during the daily press briefing in Washington, October 26, 2010. - Photo by Reuters.

WASHINGTON: President Barack Obama will argue that India’s emerging might can help speed the US economy’s slow crawl out of crisis on a state visit next month packed with business-themed events.

After an expected rebuke from voters in mid-term elections, and with few economists predicting a quick return to soaring US growth, Obama will speak as much to Americans as the population of India on his three-day visit.

“We’re talking about the fastest-growing economic region of the world and our ability to interact with it, to sell our goods and our services,” said White House spokesman Robert Gibbs previewing Obama’s trip on Wednesday.