Barrack Obama announced a deal with Indian firms in Mumbai which is worth $10 bn and it is going to create 50,000 jobs in US. The major deal includes the sale of 30 next-generation Boeing 737 aircraft to Spicejet. Anil Ambani's Reliance Power also cut a $2.2 billion deal with General Electric (GE). Additionally, Indian army has a plan to buy Aircraft engine from GE. He said that India is going to be the market of the future for the US. He urges for higher US exports to India saying only 2 per cent of American exports goes to India. "I have no doubt that we can do much better. There is no reason why India cannot be our trading partner," the US president said.