India has already risen, says Obama

Nov 08, 2010 |

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Mumbai, Nov. 7: The US President, Mr Barack Obama, on Sunday sought reciprocity in trade and access to Indian market to allay the fears of Americans that the relationship was a one-way street.

“India is not just a rising power, it has already risen. Its economy has risen at a breathtaking rate... we look forward to a greater role for India at the world stage,” Mr Obama said, during his interaction with students at St.Xaviers college here.

Mr Obama said ever since he could remember he had seen the US as a dominant economic power that could deal with the rest of the world on its terms. “Now because of the rise of India, China and Brazil and some other nations, there is a real competition out there.”

Only because the US was the world’s largest economy and a huge market, others just could not come to sell their products and make it a one-way street, Mr Obama said.

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