The relationship between India and the US has a bright future in the field of economic and trade, a senior White House official said. "I think there's a very bright future in US-Indian relations, in economic relations and trade," White House Press Secretary Jay Carney said. He said that it is true regardless of the effort that President (Obama) has undertaken to give more momentum to a trend that is already taking place. "Which is the insourcing of jobs from overseas, insourcing of American manufacturing jobs and other jobs who ...  bringing those jobs back to the US from a variety of places around the world," Carney said.

"We obviously think that's a good thing for this country, for this economy. But broadly speaking, trade with India, trade with China, trade with countries all around the world is vital to global economic growth and especially to economic growth in the US," he said. "This President has set a goal of doubling our exports by 2015. We are on track to meet that goal. And this President will do everything he can to enhance and spur economic growth so that we do meet that goal by 2015," Carney said.

Last week, the US Ambassador-designate to India, Nancy Powell, has said that the trade between India and the US are on their way to be doubled in the next few years.