Obama's visit has helped in forging new commercial ties, says Jaitley

Union Finance Minister Arun Jaitley has said that US President Barack Obama's visit has helped both the countries in forging new commercial ties.

He added that in the conclave of Indian and American business leaders, the CEOs exhibited a strong confidence about India and showed great interest to invest.

Jaitley said that the queries of American business leaders were essentially related to the ease of doing business in India.

Jaitley further said that most competing economies are facing serious challenges while India is promising to accelerate its growth, adding that India cannot allow obstructionism or complacency to squander this opportunity.

Referring to the World Economic Forum's annual meeting at Davos last week, the Finance Minister said the investors were looking at India with greater enthusiasm.

He also said the four important ordinances relating to land, insurance, coal and mining have demonstrated India's determination towards reforms.