Indian Prime Minister Manmohan Singh and U.S. President Barack Obama.

President Barack Obama's three-day visit to India came on the heels of an economic recession and a losing war in Afghanistan. Just before his visit, Obama felt the full lash of frustration from the American people in the midterm elections on account of a stagnant economy and increasing unemployment. Thus creation of jobs in the United States is his prime objective.
American businesses desperately need markets to sell their products. They are looking towards the developing world with great optimism. India, being the second-fastest growing economy after China, is a major consumer of everything from bikes to aircrafts, nuclear power to defense equipment. In order to take advantage of the burgeoning demand from India, on the very first day of Obama's visit, 20 business deals worth a total of $10 billion were signed between the two countries.
The deals included sales of Boeing passenger aircrafts, Boeing C-17 Globemasters to Indian armed forces, GE 107 F414 jet engines to the Indian Air Force, GE power turbines, and the setting up of a Harley Davidson assembly plant, among others. Obama declared that these deals will create around 54,000 jobs in the United States. All this was said and done despite the restriction on outsourcing from India.