Trump's decision to call off the visit came just a day after Pompeo had announced that the newly appointed special representative for North Korea Steve Biegun and he will be travelling to North Korea next week to "make further diplomatic progress towards our objective."
US also said it saw abundant opportunities in India in areas of medical technology, power, financial services, hi-technology and clean energy.
Panagariya urged the government to undertake labour law reforms and make land acquisition more flexible to attract the multinationals.
Oil prices could hit $100 a barrel by the end of next year.
Companies moving their manufacturing base out of the US during his administration would have to face consequences, he said.
Pence accused the Chinese government of orchestrating an aggressive military, economic and political campaign to expand its influence inside the US and across the world.
China has produced the first-ever indigenous digital television chip, which outperforms its Western counterparts, state media reported on Monday.
Expressing deep concerns over India's policy of preferring domestically manufactured information and communication technology goods, the apex body of US telecom industry has told lawmakers that this will have negative impact on exports and economic competitiveness.
Let's fix the system, end the abuses but make sure we recognise the role of immigrants in creating jobs: Khanna.
Rostec, a Russian state corporation set up to promote development, production and export of hi-tech industrial products for civil and defence sectors, has strongly backed Prime Minister Narendra Modi's 'Make in India' pitch.
India has shortlisted five of the 17 hi-tech items of military hardware offered by the US for co-production and co-development under a one-of-its kind American offer to boost bilateral defence cooperation.
Chiekcn prices set to go up across cities in India.
'If I had not been elected President of the United States, we would right now, in my opinion, be in a major war with North Korea,' Trump said.
'You can't take your eyes off him.'
Is the internet just a fun thing to do like TV and radio?
'I personally consider Indian cinema as one of the most creative and powerful forms of cinematic expression in the world.' 'An average Indian film is 10 times better than a costly American production because of the creativity involved.'
Trump, 70, took the oath of office in front of about 800,000 people who braved chilly weather to gather on the National Mall in the center of the capital to celebrate the rank political outsider, who defied all odds to defeat political heavyweight Hillary Clinton in the November polls.
The US #DeepState has had a fine run, but will now discard Saudi Arabia as it is no longer useful to them, says Rajeev Srinivasan.
White House said Trump strongly believed that protecting environment and 'promoting our economy are not mutually exclusive goals'.
Here are Aseem Chhabra's picks -- 'films that mattered to me, entertained me and will stay with me through the year.'
The president called for tax reform that eliminates corporate-friendly loopholes, highlighted his earlier proposal for free community college.
The year saw some standout performances from lesser known actors.
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.