New Delhi , India ( CNN ) -- President Obama praised `` the father of your nation '' Mahatma Gandhi and noted his influence on Martin Luther King and the non-violent resistance that typified the American civil rights movement in his address to the Indian Parliament Monday . `` I am mindful that I might not be standing before you today , as president of the United States , had it not been for Gandhi and the message he shared and inspired with America and the world , '' the president said . Earlier at a joint news conference with Indian Prime Minister Manmohan Singh in India 's capital , New Delhi , Obama said the relationship between the United States and India is `` stronger , deeper and broader '' than ever . The opportunities for cooperation between the nations will only grow as India gains economic power , Obama said . `` India is n't emerging . It has emerged , '' the president said . He described a `` growing trust '' between the two largest democracies in the world , as they work to boost trade . `` We make some of the best products in the world and we want to sell them to a growing Indian market , '' Obama said . At the same time , those economic exchanges offer Indians the opportunity to build their businesses as well , he said , citing solar technology as an example for the potential to create jobs in the United States and India . `` We should n't be resorting to protectionist measures . We should n't be thinking of it as a one-way street , '' added Obama , who said India is not an economic `` bogeyman . '' Singh said likewise : `` India is not in the business of stealing jobs from the United States of America . '' He called economic ties between the countries a win-win situation , as Obama did . On Saturday , the president unveiled about $ 10 billion in contracts for U.S. exports to India . It is Asia 's third-largest economy and one of the world 's few growth markets . Promoting broader trade relations with India is a delicate balancing act for Obama , given American frustration with the outsourcing of jobs to the country . India 's biggest challenge is infrastructure , said Singh , who said his country will need $ 1 trillion in infrastructure investments over the next five years . He expressed hope that United States will contribute toward that . He also lauded American technology , saying that India needs U.S. know-how in the civilian as well as military fields . Obama praised India 's military support , saying that it had contributed to the war in Afghanistan and efforts to leave terrorists no haven . The president and first lady Michelle Obama arrived New Delhi on Monday , with the prime minister greeting them on arrival . The Obamas had a full day of events scheduled , starting with a wreath-laying at a memorial for Indian leader Mahatma Gandhi and ending with a state dinner with Indian President Pratibha Devisingh Patil . In between , Obama is slated to address Parliament . The Obamas are on the third and final day of their visit to India . After India , Obama will travel to Indonesia , then to the G-20 meeting in South Korea and APEC ( Asia-Pacific Economic Cooperation ) summit in Japan . The Obamas are on a 10-day Asian tour .
NEW : Gandhi inspired Martin Luther King , Obama says . The new book is called " A Long Walk to Freedom," and it was written by the Dalai Lama's son Tenzin Gyatso, who has been a monk for more than 20 years. `` India is n't emerging . It has emerged , '' Obama adds . On the trip , Obama has unveiled about $ 10 billion in contracts for U.S. exports to India .