Obama, the first American president to attend India's yearly Republic Day parade, pledged $4 billion dollars in investments and loans to strengthen business partnership between the two countries. The leaders spoke at various events and even recorded a radio program together. Obama then stated that there is much untapped potential within the US-India relationship. Currently, India accounts for 2 percent of US imports, and 1 percent of exports. According to Obama, the U.S. export-import bank will finance $1 billion in exports of Made- In- America Products while the U.S.overseas private Investment Corporation will lend $1 billion dollars to small and mid-sized businesses in rural areas of India.
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