Modi also made a call for European Union unity and said India would play a positive role in enhancing that through Germany.
Here is the full text of the joint statement issued by India and the US.
Boosting trade and simplifying visa regime, apart from security and defence cooperation, were among the key bilateral issues. The two leaders also discussed regional and international matters of mutual interest.
That Australia is ready for a substantive engagement is evident from its 2013 Defence White Paper, which emphasised the need to build stronger defence relations with India, says Ajai Shukla
The strategic pacts were inked after the summit between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe during which they also discussed international and regional issues of mutual importance including UN security reforms.
The Indian cricket team will open its campaign in next year's World Twenty20 Championships against arch-foes Pakistan when the event is staged in Bangladesh from March 16 to April 6.
Seeking to boost the strategic ties, India and the US finalised the text of the Logistics Exchange Memorandum of Agreement.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
'This is the first time the US has formally recognised the threat India faces from terrorist organisations based in Pakistan.'
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
India Inc has few leaders who are likely to grab headlines in 2015.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
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