Obama ends day of Indian pageantry with $4 billion pledge


  • World
  • Tuesday, 27 Jan 2015

India's Prime Minister Narendra Modi (L) and U.S. President Barack Obama watch India's Republic Day parade from behind rain streaked bullet proof glass as they stand in the rain together in New Delhi January 26, 2015. REUTERS/Jim Bourg

NEW DELHI (Reuters) - U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion (2.65 billion pounds) in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies.

Earlier in the day, at the invitation of Prime Minister Narendra Modi, Obama was the first U.S. president to attend India's annual Republic Day parade, a show of military might that has been associated with Cold War anti-Americanism.

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