US President Barack Obama re-elected as President Creates History

Barack Obama was re-elected as the President of USA after a close fight with Republican Mitt Romney. With this, he became only the second Democrat to win a second four-year term as the US President since World War II and creates a new history. As per the final details he got the absolute majority over Mitt Romney.

He was re-elected in spite of US economic slowdown and high unemployment rate due to his visions and possible steps to revive the struggling economy. The India Inc. amd Indian Government have welcomed the decision as it will further improve the ties between India and USA. Though Indian IT sector will be a bit tensed as Obama opposed Outsourcing, the main source of income for Indian IT Services Company, during his poll campaign.