India recently elected its most business- friendly government ever. In his first Independence Day speech, Prime Minister Narendra Modi announced his intent to dismantle the Soviet-style Planning Commission, to the cheers of free-market advocates around the world. Anticipating accelerating trade with India, U.S. Commerce Secretary Penny Pritzker visited Mumbai and New Delhi to emphasize hopes of increasing bilateral U.S.-India trade from the current $100 billion to $500 billion by 2019.
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