According to "The Hindu" the U.S. and India are set to have economic related talks within the next month. Started by Obama this will be the second Economic and Partnership meeting since 2009. The two big topics expected to be addressed are defense and visas. The U.S. is concerned about India's interest in fighter jet contracts with other countries even though India has already bought numerous other defense products from America.
The second topic the nations hope to iron out is regarding visas. Indians make up about 44% of inter company transfer visas, and over 6.5 million Indians traveled to the U.S. last year, but there are accusations that Indian companies are misusing the visas.
I think this is an interesting article as it indicates the significant level of India's economy and its impact on U.S. concerns. The U.S. is worried about India's defense spending and contracts, hoping to get a slice of the pie. It seems that India is worried about getting too deeply involved with U.S. military contracts. Further more it is worried about the impacts of so many businesses and there visa practices. Indian travel to America has also been growing, increasing 8% since last year.
Lakshman, Narayan. "Focus on economics in upcoming India-U.S. meetings" The Hindu. (online version of India's National Newspaper). 6/12/2011
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