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New Delhi Jawaharlal Nehru University JNU’s Professor of Economics Dr.Amit Shovon Ray thinks it will still take time for India to allow FDI in it’s retail & insurance markets. But Finance Minister Pranab Mukherjee during his meetings next week in Washington is expected to assure investors that India is trying to build a political consensus around the contentious issue of opening up its economy. India-U.S. trade grossed $45 billion last year.