US President Barack Obama’s recent visit to India seems to have been an aye opener for many Americans who believe that they should explore that country especially as far as business and education is concerned.
Nathan Sigworth is one such American who launched his company in New Delhi to help consumers detect counterfeit medicine and has recently inked deals with Indian drugmakers to use his service on 50 million packages of pills a year.
When I first moved to India I thought ‘Gosh here I am surrounded by people who are doing algebra in elementary school…. With all these smart people how can I even compete? The Christian Science Monitor quoted Sigworth cofounder and CEO of PharmaSecure as saying. On coming here he discovered that American education and American cultural heritage prepare us so well for working in the world for being pioneers.
On President Obama’s November 4-14 trip to Asia he encouraged more trade with India as a way to add jobs in the US but enterprising Americans like Sigworth are not waiting for jobs to come to America. I would say ‘Go east young man. I think sometimes people in the US don’t realize what they bring to the table if they go outside of their country.
India’s economy is projected to grow by 8.5 percent this fiscal year and last year mostly dodged the slump that hit the US and Europe.
Trade between India and the US is expected to reach 50 billion dollars this year. Last year the US exported almost as much to India 16.4 billion dollars as it imported 21.2 billion dollars. A study by the India-US World Affairs Institute linked those American exports to 96000 US jobs the paper said.
Many American companies still don’t think of India as a serious market. When I tell people that India has a trillion-dollar economy many are shocked says Gunjan Bagla principal of Amritt Ventures a California company that advises companies on how to do business in India said.
I’m hopeful that Obama’s visit will change that he added. ANI
Last updated: July 9th, 2024
