The Hill News

As he began his trip in Asia, President Obama has made plans to increase U.S. exports on the other side of the globe.

In Mumbai on Saturday, Obama met with CEOs and spoke at the USIBC Business Summit to try to emphasize the beneficial aspects of working closely with India.

“But as I emphasized before I left the United States, one of the biggest priorities on this trip is to highlight the degree to which U.S. economic success, U.S. job creation, U.S. economic growth is going to be tied to our working with, cooperating with, establishing commercial ties with the fastest-growing economies in the world,” he said at the summit. “And no country represents that promise of a strong, vibrant commercial relationship more acutely than India.”

In a New York Times op-ed piece written by the president, he says exports will help our economy get back to where it should be. “We want to be known not just for what we consume, but for what we produce,” he said. “And the more we export abroad, the more jobs we create in America.”

He described how important each export is to the U.S. economy. “In fact, every $1 billion we export supports more than 5,000 jobs at home,” he said. For this reason, Obama has set a goal of doubling America’s exports over the next five years.

Indian-U.S. business relations would benefit both countries, as they have in the past, he said.

At the summit, Obama continued to say, “And this is, I think, why folks back home in the United States need to embrace the possible partnership with India -- as a democracy, one that appreciates human rights and pluralism, one that has an entrepreneurial culture.”

Cultivating business relations with India is just one of many job creation plans touted by the Obama administration. The president said he hopes to build an economic relationship that will last for a long period of time.

“We have an enormous possibility to partner with them for decades to come,” he said at the summit.