Kerry, who was on a three day visit to India, said that red tape and a lack of transparency are the factors which have kept entrepreneurs and foreign investors away from the country.

Kerry also added that India's economic growth is impressive but he has doubts about its speed.

Earlier, Kerry met Modi at 7 Race Course Road here on Wednesday afternoon. Earlier in the day, Kerry addressed students at the Indian Institute of Technology.

On Tuesday, Kerry co-chaired the Second India-US Strategic and Commercial Dialogue with External Affairs Minister Sushma Swaraj. Minister for State for Commerce and Industry Nirmala Sitharaman and US Secretary for Commerce Penny Pritzker also attended the Dialogue.

The India-US Strategic Dialogue was upgraded to Strategic and Commercial Dialogue last year at the initiative of Modi and US President Barack Obama.

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