Finance minister Arun Jaitley made a "strong case" for reforms in the H-1B and L-1 visas and in social security contributions in his meetings with the U.S. secretaries for commerce and treasury Wilbur Ross and Steven Mnuchin on the sidelines of the World Group meetings on Thursday.
"The Finance Minister Shri Jaitley also highlighted the contribution skilled Indian professionals have made to the United States economy, and that this must be suitably appreciated by the USA side", the statement said.
"He made a strong case for reforms in H1B/L1 visa processes and social security contribution so that high calibre Indian professionals serving American interests are not unfairly deprived of their well-earned money", said a statement from the finance ministry.
"But the goods and services tax we have to understand is something that India has been talking about for a long time, well before Prime Minister Modi took power", Kim said.
"The reform process has been significant", Kim told reporters at the beginning of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington. He is accompanied by RBI governor Urjit Patel, economic affairs secretary Subhash Chandra Garg and other officials.
On the sidelines of the World Bank and IMF Meetings, Jaitley held bilateral meetings with the US Treasury Secretary and the US Commerce Secretary here on Thursday and discussed Indo-US economic cooperation, in particular how bilateral trade and investment can be improved between the two countries.
Jaitley's remarks come in the context of developments past year like the election of US President Donald Trump and Britain voting to exit from the European Union, all of which reflect increasing protectionist tendencies in the developed world.
"I think that the point that I was making is that our team feels that the slowdown has been the result of waiting for the passage of the goods and services tax".
At an event on Friday, Jaitley said the Indian economy is poised for strong, sustainable and balanced growth, backed by the government's focus on structural reforms, and there is clear evidence that the slowdown effect of demonetisation and GST is more or less over.
He also said that foreign direct investment (FDI) inflows have increased in 2016-17 over 2015-16, indicating improved global confidence in the Indian economy.