The US was “extraordinarily” frustrated with the slow pace of opening up of Indian economy, despite the issue being raised at the highest level, a top Obama Administration has said

“As you know, (the US) President (Barack) Obama led in exports and a mission to India as part of his Southeast Asia trip last year and I will be honest, we have been extraordinarily frustrated at the slow pace of opening that market,” US Trade Representative Ron Kirk said at a Congressional hearing.

Kirk was responding to a question from Congressman Joseph Crowley, Co-Chair of the Congressional Caucus on India and Indian Affairs, who wanted to know the progress made in the increasing Foreign Direct Investment cap in India’s insurance sector.

“I have been interested in for a very long time is the investment caps in the Indian insurance industry.

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