New Delhi, Nov 8 (ANI): Prime Minister Dr. Manmohan Singh on Monday asserted that India was not in the business of stealing American jobs, even as U.S. President Barack Obama said that deals with India to create 50,000 jobs back home were aimed at assuaging citizens' fears.
"India is not in the business of stealing jobs from the US... outsourcing work to India has helped improve the productive capacity and productivity of America," Dr. Singh said at a joint press conference with Obama at Hyderabad House here.
Replying to a question on outsourcing, Obama said that both countries were operating on stereotypes that have outlived their usefulness and clarified that he hasn't raised the outsourcing bogey during this trip.
"US companies will create jobs in the US with technologies where we have the lead. Indian companies will also use those technologies to create jobs in India," he added.
To a specific question on the purpose of his visit, Obama said part of the reason why he advertised creation of 50,000 jobs from deals signed in Mumbai during his visit, was to tell people in America why he spent so much time in India.
"I have seen in discussions with Indian businesses is our countries are matched up in a win-win situation. Jobs will be created in the US from the deals we have struck. But Indian entrepreneurs will also be allowed to grow, thrive and prosper. Will get goods, products and services in the market.
Replying a question, Obama said: "My mandate is to grow our economy. We are an engine for growth, trade, and opportunity. We have grown through economic trauma that has resulted in extraordinary measures.
"We can't continue to sustain a system where some countries are maintaining massive surpluses or massive deficits," he added.
When asked Obama's vision for India, he said: "This relationship is extremely important. This is the longest time I have spent in a foreign country since I became President.
"India is a key actor on the world stage. Each US President has reaffirmed why US-India relationship is so important," he added.
Further describing the India-United States relationship as the defining partnership of 21st century, both leaders have agreed to deepen cooperation on nuclear and defence issues.
The sides also agreed on consultations on global issues, including international institutions like the UN to reflect the reality of the 21st Century.
The two sides also decided to broaden strategic dialogue and initiate joint steps in Africa and Afghanistan. (ANI)