"A good relationship between U.S. and India is absolutely essential to champion democracy in the world. This relation is also important for a stable world and economic growth in both the countries," said Gururaj Deshpande, a venture capitalist and entrepreneur, who is best known for co-founding the Chelmsford, internet equipment manufacturer Sycamore Networks.

Noting that the U.S. has had its difficulty in dealing with Mr Modi as they have been selective in denying Visa to him, he said the U.S. needs to amend its position and move forward.

"Now that Narendra Modi has a clear mandate, hopefully India will move away from grid locked coalition politics and move forward with the progressive politics. Mr Modi has proved to be a strong leader and is fully capable of taking the country forward," he said. "India needs to get back to economic growth of seven to 10 per cent. Inclusive economic growth is the best tool to move a big section of the society out of poverty," Mr Deshpande said.

"The India-US relationship needs to be reset immediately by both sides with a view to strengthening it economically, technologically, militarily and geopolitically.

India can and should be the US' strongest ally in Asia and equally the U.S. can be India's strongest ally globally," said Ninan Chacko, global CEO of PR Newswire.

"The promise of the relationship which had been championed by previous U.S. administrations needs to be backed up with tangible and strong action. For example, India can and should be a predictable ally for the U.S." he said. 
READ MORE:
Indian American Community Congratulates Modi
Indian-Americans Celebrate Modi's Historic Win