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FM hopes for stronger business ties with America

Finance Minister P Chidambaram on Wednesday expressed the hope that economic ties with the United States would improve with the re-election of Barack Obama as the US President.

'I congratulate President Obama. I hope that Indo-US relations (will) get stronger...especially economic relations', he told reporters.

Obama won the election to get a second term as the US President overcoming a stiff challenge from Republican Mitt Romney. A votary of strong ties with India, Obama, the first black American to occupy the White House, scored the victory after a bitter and costly campaign running over months.Leaders of India Inc too have welcomed the re-election of Obama saying that continuity would be good for bilateral relations, but some of them expressed concerns over the outsourcing issue.
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