| FOR IMMEDIATE RELEASE |
CONTACT: Tita Freeman |
| March 3, 2006 |
(202) 496-3269 |
Cites Visit as Key For Continued Economic
Collaboration with World's Largest Democracy
Washington, D.C. - Business Roundtable today hailed President
Bush's visit to India as a significant success that strengthened
a mutually beneficial relationship between the two countries.
With the world's second largest population - and largest democracy
- India presents the United States with great opportunities
for security and for democratic and economic collaboration.
"India is a nation on the move and it is in our nation's
best interest to move with it," said Harold McGraw III, Chairman,
President and CEO, The McGraw-Hill Companies, and Chairman
of Business Roundtable's International Trade & Investment
Task Force. "As democracy and free markets grow in countries
throughout Asia, so too will opportunities for the United
States to engage with these aspiring partners. U.S. and Indian
businesses have long seen the value in working together and
the President's determination to cement the relationship with
this critical partner should be commended."
India has the second largest population in the world with
more than one billion people and boasts the world's largest
middle class, approaching the size of the entire U.S. population.
These well educated consumers have increased buying power
and present numerous opportunities for U.S. business. Indeed,
India is one of the United States' fastest growing export
markets.
"In recent years, we've seen few countries that have made
the kind of progress India has made. India has embraced democracy,
opened its economy and made huge gains in the standard of
living for many of its citizens," added Mr. McGraw. "Growing
this relationship should remain a priority for the Administration,
and American businesses are committed to do their part."
# # #
Business Roundtable (www.businessroundtable.org)
is an association of chief executive officers of leading corporations
with a combined workforce of more than 10 million employees
and $4 trillion in annual revenues. The chief executives are
committed to advocating public policies that foster vigorous
economic growth, a dynamic global economy, and a well-trained
and productive U.S. workforce essential for future competitiveness.
|
