Finance Minister P Chidambaram today expressed the hope that economic ties with the United

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States would improve with the re-election of Barack Obama as the US President.

"I congratulate President Obama. I hope that Indo-US relations (will) get stronger...Especially economic relations", he told reporters here.

Obama won the election to get a second term as the US President overcoming a stiff challenge from Republican Mitt Romney.

A votary of strong ties with India, 51-year-old Obama, the first black American to occupy the White House, scored the victory after a bitter and costly campaign running over months.

Leaders of India Inc too have welcomed the re-election of Obama saying that continuity would be good for bilateral relations, but some of them expressed concerns over the outsourcing issue.