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

Obama: Still 'too many barriers' to business in India
US President Barack Obama (C), Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) attend a reception at Rashtrapati Bhawan, the Presidential Palace, in New Delhi on January 26, 2015.

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.

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