The former ambassador notes U.S. and Indian officials have been discussing such a pact since 2008.
While American officials have talked and mulled, other nations have acted.
"Other prominent trading partners have moved ahead. Today, India has investment agreements with 80 countries including all major European nations, with the 10 member states of the Association of Southeast Asian Nations, and with Japan and South Korea. The European Union is expected to finalize a free trade agreement with India this year," says Inderfurth. "This track record ... puts the United States out of step with the rest of the world, and puts U.S. investors at considerable disadvantage compared to their foreign competitors."
John T. Bennett covers national security and foreign policy for U.S. News & World Report. You can contact him at email@example.com or follow him on Twitter.
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