Vastavam web: India-US ties have significantly improved over the last few decades, becoming more “stronger” and “matured” and defying changes in governments in both the countries, Finance Minister Arun Jaitley said today.Jaitley, speaking at a reception hosted by India’s Ambassador to the US Navtej Sarna, said the Indian government is looking forward to working with the Trump Administration to strengthen the various dimensions of the bilateral ties.Jaitley yesterday met US Commerce Secretary Wilbur Ross, the first cabinet-level interaction between the two countries under the Trump Administration.
“The US-India relationship over the last few decades has significantly improved. It is far stronger, far matured. It defied the changes in the government whether in the US or in India,” he said.”There is a little more optimism this year than I have seen in the last three years. This seems to be the good news, as far as these meetings are concerned,” he said.During the meeting with US Commerce Secretary yesterday, Jaitley strongly raised India’s concerns over the Trump administration’s move to tighten the H-1B visa regime, highlighting the key role played by Indian professionals in boosting the American economy.
President Donald Trump this week signed an executive order for tightening the rules of the H-1B visa programme to stop its “abuse” and ensure that the visas are given to the “most-skilled or highest paid” petitioners, a decision that would impact India’s USD 150 billion IT industry.Jaitley, leading an Indian delegation, arrived here On April 20, to attend the annual Spring meetings of the International Monetary Fund and the World Bank.In addition to his meetings and presentations at the annual Spring meetings of the IMF and the World Bank, Jaitley is also scheduled to attend meetings of other multilateral forums including that of the G-20 finance ministers.”India has become one of the most open economies of the world. Most of our sectors are open for international investment. And we have been attracting one of the largest investments that any country has been attracting in the world.”And it is combination of this investment which is coming into India, coupled with higher public spending, even as the private sector spending was a little low, that has kept the Indian growth process going,” he said.He said the environment for doing business has considerably smoothened.