Trumps promises to reduce regulations to boost investment

"The market will jump thousands and thousands of points if I win, but if I don't win, it will crash like never before," Mr Trump told the Indian CEOs at an interaction at the U.S. Embassy here.

The high-profile business event, was attended by top leaders of the country's industry which included Reliance Industries Chairman Mukesh Ambani, Mahindra Group Chairman Anand Mahindra, Tata Sons Chairman N Chandrasekaran and Aditya Birla Group Chairman Kumar Mangalam Birla.

While thanking industry captains for making investments in the U.S., President Trump also gave a patient hearing to the concerns voiced by the industrialists.

Mr Trump assured them that his government would ease economic restrictions and regulations in to boost foreign investment. "Some of the regulations have to go through statutory process, but the government is committed to reducing a lot more regulations," he said.

Exuding confidence about his victory in the U.S. presidential elections, Mr Trump said that his government has done a lot for the economy, healthcare and military,
On the spread of deadly Corona virus, Mr Trump said that China was working very hard and added that he had spoken to President Xi. "It looks like China is getting it under control,'' he said.

At the CEOs meeting, U.S. Energy Secretary Dan Brouillette said that India's purchase of US crude oil increased 10 fold to 250,000 bpd in past three years.