President Barack Obama on Saturday announced 10 billion dollars in trade deals with India that he said will create 50,000 US jobs, as he sought to show Americans an economic dividend from his state visit. Obama made the announcements, and also unveiled a major reform of US export controls to benefit trade with India, in a speech to US and Indian businessmen and entrepreneurs soon after arriving in India's commercial capital Mumbai. "As we look to India today, the United States sees an opportunity to sell our exports in one of the fastest growing markets in the world. "For America this is a jobs' fair. As we recover from this recession we are determined to rebuild our economy on a stronger foundation for growth."