Wed, 07 Nov 2012 21:45:00 GMT | By IANS

'Economic ties with US will get stronger'

New Delhi: Business and economic relations between India and the United States would improve with the re-election of President Barack Obama, Finance Minister P. Chidambaram said Wednesday.

Economic ties will get stronger with Obama win: Chidambaram (© Reuters)

"I congratulate President Obama and hope that Indo-US relations will get stronger, especially economic relations," Chidambaram told reporters here.

Obama has secured a second term in the White House defeating his Republican challenger Mitt Romney in a hard fought election Tuesday.

Meanwhile, India Inc has also welcomed Obama's re-election saying it would help further strengthen American economic and strategic partnership with India.

"A historic second term for Obama augurs well for the now established India-US strategic and economic partnership," said R.V. Kanoria, president, Federation of Indian Chambers of Commerce and Industry (FICCI).

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