Obama: Still 'too many barriers' to business in India

NEW DELHI - US President Barack Obama said there were still too many barriers to doing business in India Monday as he hailed moves by Prime Minister Narendra Modi to cut red tape.

"There are still too many barriers, hoops to jump through," Obama said in an address to a group of US and Indian CEOs in New Delhi.

"We hear this consistently from business leaders such as you," Obama added, speaking alongside Modi.