I. Financial and Economic History: Since India has gained its independence from UK (1947), the economy has played a more diverse role. Defined as socialist, the government conservatively makes decisions especially when investing in foreign politics. Foreign aid has generally never been used; except India did rely heavily on other countries (mainly U.S.) in the early years after gaining their independence. Within the past decade, India has become more liberalized and opened more foreign market doors. This has helped their struggling economy become the second fastest growing economy in the world. Only the United States rank higher in size, but interestingly India is steadily catching up to the global superpower. U.S. and India Relations The Indian economy has been more involved with the global economy since 1991. The United States is one of the largest foreign direct investors in India. These investments in India include almost every division of the economy (e.g. agricultural, industrial, service, and other divisions). Notable segments of these industries that inter......

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