"We expect that markets will be open to an equal degree on both sides and that private investment, not government planners, will direct investment", he said in a speech ahead of a summit of Asia-Pacific Economic Cooperation (APEC) leaders.
Trump noted that India is the largest democracy in the world with over 1.3 billion population.
"India is celebrating the 70th anniversary of its independence".
PM Modi played a huge part in India hosting the 2017 FIFA World Cup successfully, throwing his weight completely behind the Local Organising Committee (LOC) and regularly made it a point to stress the importance of the tournament during his many speeches and monthly radio address to the nation - Mann Ki Baat.
HBO Pulls Louis CK Projects
Five women came forward to tell The New York Times about various instances when the comedian masturbated in front of them. Separately, the Orchard said it won't release Szekely's new film, " I Love You, Daddy ", according to the Times .
Windies to tour Pakistan for three T20Is
West Indies team will tour Pakistan right after the third edition of Pakistan Super League. All three matches - on March 29, 31 and April 1 - will be played in Lahore.
Trump also said countries outside of the Asia-Pacific are also making "great strides in this new chapter for the Indo-Pacific".
US President Donald Trump hailed the contribution of India and Prime Minister Narendra Modi in the Indo-Pacific region.
Trump's statement has come at a time when there is a possibility of meeting of the two leaders on the sidelines of East Asia Summit next week.
Criticizing the role of China in the region Trump during the APEC business meet spoke about his vision for a free and open Indi-Pacific region.
Earlier during his Asia visit, Trump had met Chinese premier Xi Jinping and discussed without fuss about the unfair trade practices of China, which is causing "enormous trade deficits they have produced with the U.S.". Redressing the balance of trade between Asia and the United States is at the centre of Trump's "America First" policy he says will protect USA workers.