Obama concerned over India's 'deteriorating investment climate'
July 16, 2012  13:01
Noting that India prohibited foreign investment in too many sectors such as retail, U.S. President Barack Obama on Sunday cited concerns of the American business community over the deteriorating investment climate in India to endorse another wave of economic reforms. 'Many in the American business community, one of the great champions of the U.S.-India partnership, have expressed concerns that the investment climate in India is deteriorating,' he said.

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