The who&#39;s who of America Inc, including e-commerce giant Amazon&#39;s Jeff Bezos, PepsiCo&#39;s Indra Nooyi, Boeing&#39;s Mark Allen and Lockheed Martin&#39;s Marillyn Hewson, attended the roundtable held at Central Green Room Gallery of Andrew W. Mellon Auditorium. 
 
Bezos announced that his company will invest an additional $3 billion in India, Amazon&#39;s fastest growing region. This will boost Amazon&#39;s committed investment in India to over $5 billion. 
 
Foreign ministry spokesperson Vikas Swarup said in a tweet that Modi invited the US business leaders &quot;to work more closely with India and in India&quot;. 
 
The Prime Minister also &quot;outlined strengths of Indian economy and its talented workforce,&quot; Swarup posted on Twitter. 
 
US Secretary of Commerce Penny Pritzker and several top Indian business leaders were also present at the meeting. 
 
Earlier in the day, Modi held a closed-door meeting with Obama during which they discussed significant issues of bilateral interests. 
 
Prior to the US, the Indian prime minister visited Afghanistan, Qatar and Switzerland on his five-nation tour aimed at expanding India&#39;s trade, energy and security cooperation. He will end his tour in Mexico.

Amazon's founder and CEO Jeff Bezos announced that the e-commerce giant will invest an additional $3 billion in India

The who's who of America Inc, including e-commerce giant Amazon's Jeff Bezos, PepsiCo's Indra Nooyi, Boeing's Mark Allen and Lockheed Martin's Marillyn Hewson, attended the roundtable held at Central Green Room Gallery of Andrew W. Mellon Auditorium. Bezos announced that his company will invest an additional $3 billion in India, Amazon's fastest growing region. This will boost Amazon's committed investment in India to over $5 billion. Foreign ministry spokesperson Vikas Swarup said in a tweet that Modi invited the US business leaders "to work more closely with India and in India". The Prime Minister also "outlined strengths of Indian economy and its talented workforce," Swarup posted on Twitter. US Secretary of Commerce Penny Pritzker and several top Indian business leaders were also present at the meeting. Earlier in the day, Modi held a closed-door meeting with Obama during which they discussed significant issues of bilateral interests. Prior to the US, the Indian prime minister visited Afghanistan, Qatar and Switzerland on his five-nation tour aimed at expanding India's trade, energy and security cooperation. He will end his tour in Mexico.

Indian PM Modi meets top US CEOs in Washington

Indian manufacturers increased activity for a fifth consecutive month in May, but the pace of expansion was weak as output growth softened for the second month in a row, a&nbsp;business&nbsp;survey showed on Wednesday.

The Nikkei Manufacturing Purchasing Managers&#39; Index, compiled by Markit, rose to 50.7 in May, from 50.5 in April. A reading above 50 indicates expansion.

Input prices rose at their fastest rate in 14 months but manufacturers absorbed much of the increase. The output price index, which offers clues on inflationary pressures, remained in expansion above 50 but fell from April.

The output sub-index declined to a five-month low, as foreign demand contracted, albeit marginally. Domestic demand appeared to have picked up.

&quot;Signs of challenging economic conditions in the Indian manufacturing sector were evident in May, with output losing further growth momentum,&quot; said Pollyanna De Lima, an economist at Markit.

&quot;So far, there is little evidence that the latest cut in the benchmark rate acted to significantly improve&nbsp;business&nbsp;conditions for manufacturers. Therefore, further stimulus may be necessary to shift the economy into a higher gear.&quot;

The Reserve Bank of India cut its benchmark repo rate by 25 basis points in its April meeting to 6.50 percent, the lowest in more than five years.

But India&#39;s central bank is seen as unlikely to ease again at its June meeting after April retail inflation rose to a faster than expected pace of 5.39 percent, the first pickup in retail inflation since January.

India&#39;s economy grew at a faster-than-expected pace of 7.9 percent in the January-March quarter from a year earlier, which could further persuade the RBI to hold steady.

Indian manufacturers increased activity for a fifth consecutive month in May, but pace of expansion slowed as output growth softened for second month in a row

Indian manufacturers increased activity for a fifth consecutive month in May, but the pace of expansion was weak as output growth softened for the second month in a row, a business survey showed on Wednesday. The Nikkei Manufacturing Purchasing Managers' Index, compiled by Markit, rose to 50.7 in May, from 50.5 in April. A reading above 50 indicates expansion. Input prices rose at their fastest rate in 14 months but manufacturers absorbed much of the increase. The output price index, which offers clues on inflationary pressures, remained in expansion above 50 but fell from April. The output sub-index declined to a five-month low, as foreign demand contracted, albeit marginally. Domestic demand appeared to have picked up. "Signs of challenging economic conditions in the Indian manufacturing sector were evident in May, with output losing further growth momentum," said Pollyanna De Lima, an economist at Markit. "So far, there is little evidence that the latest cut in the benchmark rate acted to significantly improve business conditions for manufacturers. Therefore, further stimulus may be necessary to shift the economy into a higher gear." The Reserve Bank of India cut its benchmark repo rate by 25 basis points in its April meeting to 6.50 percent, the lowest in more than five years. But India's central bank is seen as unlikely to ease again at its June meeting after April retail inflation rose to a faster than expected pace of 5.39 percent, the first pickup in retail inflation since January. India's economy grew at a faster-than-expected pace of 7.9 percent in the January-March quarter from a year earlier, which could further persuade the RBI to hold steady.

Indian factory growth picks up slightly in May - PMI

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