India will restore investor confidence, Krishna tells U.S.

Allaying the doubts about the success stories of India, External Affairs Minister SM Krishna has assured American business that India will restore investor confidence and regain economic momentum and growth."In an era of global inter-dependence, not all are within the power of national governments," she said in a keynote address Tuesday at 37 US-India Business Council (USIBC) leadership summit on the theme 'securing the 21st Century Partnership '"But we are confident that we restore the investor confidence and regain economic momentum and growth," Mr Krishna said in the event the evening of the third India-US strategic dialogue which he co-chairs with Secretary of State Hillary Clinton."Questions were raised about economic policy and commitment to implement reforms. Doubt was expressed whether the tale of incredible India will remain fabulous!" He said.India assurance, Mr. Krishna said, "stems not only from the strong fundamentals of our economy, but, also from the fact that almost every political party in India is at some point part of the process of reform."While expressing "great confidence in the future of India-US economic partnership" that the minister outlined the various pressing issues faced by Indian business in America.These included "the worsening environment for the mobility of professionals, the protectionist sentiments against global supply chain services industry and the refusal to even consider a Social Security Agreement affects 300,000 non-immigrant Indian professionals U.S..Krishna also expressed concerns over "the market access issue resolved, or, the persisting presence of India in the Super 301 priority watch list and the U.S. Department of Labour's list" identifying trade barriers in the company and the products of U.S. .However, the development of the two countries made gives them the confidence to deal with the challenges in their relationship, Mr. Krishna said noting that India-US trade in goods and services has reached a milestone by crossing $ 100 billion dollars last year.India planned investment of over a trillion dollars in the development of infrastructure in the next five years also offered tremendous opportunity for expanding India-US economic cooperation, he said.As the two countries has developed a comprehensive architecture engagement, Mr. Krishna said Wednesday strategic dialogue is an opportunity to "renew our commitment and reinvigorate our efforts to keep striving towards the peak of our potential. "

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