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US pledges US$4b for India's 'untapped potential'

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Mr Modi and Mr Obama at India's Republic Day parade. The two leaders reminded business leaders later that trade ties were still fragile. India only accounts for 2 per cent of US imports and one per cent of its exports.

New Delhi

US PRESIDENT Barack Obama ended a landmark day in India on Monday with a pledge of US$4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies.

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