Obama and Indian prime minister Narendra Modi decided to resume talks on the treaty within hours of the president’s arrival, his second visit to India in the last five years.
The U.S. has numerous bilateral treaties in the works, which usually provide for reductions on trade duties. The U.S. is also trying to get one signed with China and is much further along in the process.
“The trip is not about some grand strategic alliance that you hear from the guys in Washington,” says Gunjan Bagla, managing director at Amritt Inc., a Los Angeles based management consulting firm. “None of that is going to matter in the future. What’s matters is that these are two very entrepreneurial countries that want to do business together,” he says.
