National

Nov 6, 2010 11:44 AM by AP

President talks up trade in India

MUMBAI, India (AP) - President Barack Obama says new trade deals between the U.S. and India will support more than 50,000 jobs in the U.S.

He said the relationship between America and India should be a win for both sides - while acknowledging concerns in America about outsourcing.

Speaking Saturday to American and Indian chief executives on the first day of a 10-day trip through Asia, Obama said the relationship between the U.S. and India "will be one of the defining and indispensable partnerships of the 21st century."

He also announced a host of new trade deals, including aircraft purchases, that the White house says are worth $10 billion and will help support 54,000 jobs.

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