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

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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