The US industry has said it wants "predictability, certainty and transparency" in India's economic and trade policies, and this would be its agenda with the new government to be formed after the poll results of the Lok Sabha elections.

Describing it as the "foundational issue" for the future of Indo-US trade relationship, US-Indian Business Council acting president Diane Farrell, at a meeting of Indian and American businesses in Tampa, yesterday said once a new government is in place in India, the US industry will look forward to a rekindling of bilateral dialogues. 

"Once a new government is in place in India, we look forward to a rekindling of bilateral dialogues, including the Trade Policy Forum, the US-India Strategic Dialogue, and the CEO Forum," she said as she laid out her agenda for the new Indian government, which includes, tax, intellectual property, defence, immigration reform, and legacy issues. 

"Retroactive and unpredictable taxation has become a global headline concern. Companies cannot and will not invest in a country that is lacking a clear and predictable tax policy. Some progress has been made, but more work needs to be done in order to resolve the perception of gridlock," she said.