Twenty years ago it was unimaginable that our two economies would become as intertwined as rapidly as they have. Today the need of the hour to see this upward trajectory continue is to address investment barriers in India, as well as legislation proposed in U.S. immigration reform — including provisions relating to H-1B dependent companies, which indeed are mostly headquartered in India. Our governments ought to be facilitating greater economic interaction, not complicating it.
Growing trade and investment continue to drive the U.S.–India partnership forward, stimulating innovation, economic growth and job creation for both countries. While addressing current difficulties in bilateral trade relations is always important (and indeed a normal part of any trade relationship), U.S. and Indian policymakers need to keep their “eye on the prize” of unleashing the full potential of our economic relations. In this, we’ve only just started.
Rep. Ami Bera is a Democrat and doctor representing Sacramento County and the only Indian-American currently serving in Congress. Karl F. Inderfurth holds the Wadhwani Chair in U.S.-India Policy Studies at the Center for Strategic and International Studies. He served as assistant secretary of State for South Asian affairs in the Clinton administration (1997-2001).
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.