Leaders of India Inc today welcomed the re-election of Barack Obama as the US President saying that continuity will be good for bilateral relations, but some of them expressed concerns over the outsourcing issue.

Godrej Group Chairman Adi Godrej told reporters on the sidelines of the World Economic Forum on India meeting at Gurgoan. Expressing similar views, Bharti Group Chairman Sunil Bharti Mittal said that it is good for India.

There will be continuity. When asked about concerns over outsourcing, he said that he heard this in the previous election. During the Presidential campaign, Obama had criticised outsourcing of jobs to countries like India saying that US needs to create jobs locally.