By  on August 1, 2014

NEW DELHI — When U.S. Secretary of State John Kerry shook hands with Indian Prime Minister Narendra Modi at his residence on Race Course Road here Friday, it pushed strategic and business relations between the two countries toward a much-needed step ahead. The political interaction was the first at this level since the Indian elections in May, which gave the Bhartiya Janata Party a landslide victory.

Economic revitalization has been one of the key promises of the new government and business analysts said the meeting Friday was a key part of that. Trade between India and the U.S. has grown five-fold since the year 2000 to almost $100 billion annually, but the last few years have been disappointing as the Indian government appeared to have been caught up in what economists have repeatedly referred to as “policy paralysis.”

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