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India is not in business of stealing jobs from US: PM to Obama | Prime Minister Dr. Manmohan Singh on Monday asserted that India was not in the business of stealing American jobs, even as U.S. President Barack Obama said that deals with India to create 50,000 jobs back home were aimed at assuaging citizens' fears. "India
is not in the business of stealing jobs from the US... outsourcing work to India
has helped improve the productive capacity and productivity of America," Dr. Singh
said at a joint press conference with Obama at Hyderabad House here. Replying
to a question on outsourcing, Obama said that both countries were operating on
stereotypes that have outlived their usefulness and clarified that he hasn't raised
the outsourcing bogey during this trip. "US companies will create jobs in the
US with technologies where we have the lead. Indian companies will also use those
technologies to create jobs in India," he added. To a specific question on the
purpose of his visit, Obama said part of the reason why he advertised creation
of 50,000 jobs from deals signed in Mumbai during his visit, was to tell people
in America why he spent so much time in India. "I have seen in discussions with
Indian businesses is our countries are matched up in a win-win situation. Jobs
will be created in the US from the deals we have struck. But Indian entrepreneurs
will also be allowed to grow, thrive and prosper. Will get goods, products and
services in the market. Replying a question, Obama said: "My mandate is to grow
our economy. We are an engine for growth, trade, and opportunity. We have grown
through economic trauma that has resulted in extraordinary measures. "We can't
continue to sustain a system where some countries are maintaining massive surpluses
or massive deficits," he added. When asked Obama's vision for India, he said:
"This relationship is extremely important. This is the longest time I have spent
in a foreign country since I became President. "India is a key actor on the world
stage. Each US President has reaffirmed why US-India relationship is so important,"
he added. Further describing the India-United States relationship as the defining
partnership of 21st century, both leaders have agreed to deepen cooperation on
nuclear and defence issues. The sides also agreed on consultations on global issues,
including international institutions like the UN to reflect the reality of the
21st Century. The two sides also decided to broaden strategic dialogue and initiate
joint steps in Africa and Afghanistan.
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