Obama for market access, to downplay outsourcing

US President Barack Obama is expected to downplay concerns on outsourcing during his India visit instead focusing on the larger story of getting more access to the Indian market. The US is keen to tap into the financial sector, in both insurance and banking where there are stiff sectoral caps for foreign investment. The other sectoral caps are in retail and in defence production. At a press briefing at the White House on Thursday, Mike Froman, deputy national security advisor for international economic affairs said the US government will push for a level-playing field where there is an open market ...

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