Obama, who has spoken out several times in the past against the ill-effects of outsourcing on US economy and Indians grabbing Americans' jobs, said here on Monday, Nov 8 that India will be "instrumental in creating jobs in US".
Obama had earlier made it clear that wooing India to create more jobs in the US would be on high on his agenda during the three-day trip.
"For America, this is a jobs strategy," Obama had said before leaving to India.
While Obama did not make any direct statements on outsourcing at the India-US joint press conference, Prime Minister Manmohan Singh sought to make it clear that Indians were "not in the business of stealing jobs from the Americans".
"No ordinary relationship"
Speaking at the Hyderabad House following formal talks with Manmohan Singh, Obama also sought to stress that the Indo-US ties amounted to "no ordinary relationship".
Stating that the relationship between India and US would be key in tackling extremism, terrorism, climate change and other evils ailing the world, the American President reiterated that relationship between India and US will "in fact" be a defining moment of the 21st century.
Speaking before Obama, Prime Minister Manmohan Singh had remarked that both the countries' economies would be adversely affected by protectionism.
Satisfied that his visit has helped in bringing down the trade barriers, Obama declared, "Trade deals signed in Mumbai are important steps to elevating India as a key trade partner to US."
With this, Indian companies will be off restricted trade entities list. Among the key areas of co-operation include space, defence and hi-end technology.
'US cannot resolve Kashmir issue'
Noting that Kashmir was a long-standing dispute, Obama said, "The US cannot impose solutions to these problems. I have indicated to Prime Minister that we are happy to play any role the parties think is appropriate in reducing tensions. It is in the interest of the two countries, region and the US."
"So, my hope is that conversations may be taking place between the two countries but they may not start on that particular flash point," he said.
Obama on Terrorism
While referring to terrorism, Obama said the two countries have agreed on the need for all nations in the region to take steps to ensure that there are no safe havens for terrorists.