The two countries also decided to expand trade and commercial ties holding that there are opportunities to exploit untapped economic potential in the two countries.
A Priority Foreign Country is a status reserved for those nations that are the most egregious violators of intellectual property rights and have the most negative impact on US competitiveness abroad.
Prime Minister Narendra Modi on Thursday address Members of the British Parliament in London where he promised to open more doors of cooperation between the two countries and delved on issues like terrorism and United Nations reforms.
'2015 gave us a set of Hindi films that brought to light, the true uncorrupted joys of filmmaking even in their roughness.' 'Films which told us why we loved films in the first place. Films that were less ashamed of revealing their weakness and ones that took chances with audience expectations.'
The President said Indian economy grew at 5.7 per cent during the first quarter of 2014-15.
How far investors will be convinced by Modi's promise to replace red tape with a "red carpet" remains to be seen.
Tamil Nadu Chief Minister Jayalalithaa credited Prime Minister Narendra Modi with spearheading investor-friendly initiatives, saying it will "enthuse" businesses planning to invest in states.
'China is where the action is, and from where new ideas ('String of Pearls', 'One Belt, One Road') emanate.' 'The Belt-and-Road initiative alone is unmatched in its sweeping dimensions,' says B S Raghavan.
Amid a spurt in terror attacks in various countries, Prime Minister Narendra Modi on Thursday said terrorism is the "gravest threat" to the world, "equally impacting" India and Mozambique which agreed to strengthen security and defence ties and bolster cooperation in food security.
Recognising the threat posed by outfits like the Al Qaeda, Lashkar-e-Tayiba and the Dawood Ibrahim network, India and the United States have agreed to deepen cooperation in fighting terrorism and asked Pakistan to bring to justice the 2008 Mumbai attack perpetrators.
Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.
'President Obama will make a historic visit to India in January, becoming the first US head of State to attend India's Republic Day and the only sitting US president to visit India twice.' 'There's little doubt the relationship has been re-energised, with renewed enthusiasm to take our partnership to the next level.'
The American efforts to make India a security partner have enhanced India's importance to Chinese decision makers and new recognition of India's importance and achievements are reflected in a much more positive reporting about India in the State-controlled media, says Walter Andersen.
Germany, as the locomotive of Europe, has much to teach India in manufacturing and process management, says Rajeev Srinivasan.
Ahead of Premier Li Keqiang's maiden visit to Islamabad, China on Thursday ruled out any change in bilateral ties with the new Pakistan government led by Nawaz Sharif, saying the "all weather" relationship will continue.
Delhi's inability to open up a new canvas with Pakistan and Sharif is symptomatic of its sluggish thinking. Jyoti Malhotra analyses
Companies making larger profits are now paying a lower rate of effective tax because of concessions
'Over the last two decades, the India-French relationship has grown steadily, no major political difference having darkened the sky between Paris and Delhi,' says Claude Arpi.
To the extent the nuclear race in West Asia is slowed down by the Iran nuclear deal, the world as a whole has reason to be happy, says Virendra Kapoor.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
Nupur was able to successfully build a prototype of a biomass briquette, an alternative fuel from waste materials.
One of the biggest ways in which recent government actions have been seen as investor-unfriendly is New Delhi's decision to unilaterally revisit almost every Bilateral Investment Treaty it has signed with other countries, says Mihir S Sharma.
Bezos wears it on his sleeve, Nadella keeps it quiet
An ambitious long-term vision to ensure economic connectivity between India and the rest of Southern Asia is critical to India's trade policy objectives.
Focus on the best you can do with what you've been given.
It could also clear stalled projects and review various subsidies on the energy, food and fertiliser fronts.
As the long election season winds down, Confidence Uwazuruike speaks to first time voters from across campuses to find out what is it they want from the government.
'An ardent advocate of nuclear disarmament, Obama may even be secretly heaving a sigh of relief that the NSG is unlikely to reach unanimity of opinion on India's candidature,' says Ambassador M K Bhadrakumar.
The Obama administration sees India not only as a land of huge potential for expanded business and trade but also as a strategic partner in the face of an increasingly assertive China, whose leader visited Modi in India last week.
The city readies itself for the biggest economic, political and social event of the year
'The regional context and the personal ties between Modi and Japanese Prime Minister Shinzo Abe to a large extent contributed to this dawn of a new era in bilateral relations,' says Srikanth Kondapalli.
Nifty snaps 10-day winning streak
'The fabric of democracy is fraying,' says T V R Shenoy. 'It is being attacked not just by terrorists in Kashmir or by zealots in the North-East, but is being ripped apart even in Allahabad, in the Hindi heartland.'
Report card of the Narendra Modi-led central government for the first six months, on the basis of ratings by top CEOs, under key parameters.
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
'She adds value to life in many commendable ways. Apart from her many contributions to our consumer products business and Godrej Properties, she dedicates her energies and resources to charity, to philanthropic causes and most of all how she has managed her time as a wife, mother and entrepreneur brilliantly,' says Adi Godrej.
And yet, Sanjay Leela Bhansali and Rohit Shetty share so much in common!
Richard Rahul Verma, the first Indian American to serve as US Ambassador to New delhi, quips that surviving the first month in India is his first goal.
Three businessmen disclose their success mantras: One belongs to an old Marwari family, another is a second generation industrialist whose father scripted an amazing rags-to-riches story and the third was a professional till one day he succumbed to the charms of entrepreneurship.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
