Trump also said countries outside of the Asia-Pacific are also making "great strides in this new chapter for the Indo-Pacific".
The India U-17 team, which took part in the recently-concluded Federation Internationale de Football Association U-17 World Cup for the first time in India's sports history, were invited by the Prime Minister after they came back from Saudi Arabia following the AFC Under-19 Championship Qualifiers.
Modi will travel to the Philippines on Sunday to attend the India-ASEAN and East Asia Summits.
Washington D.C. [United States], November 11: United States President Donald Trump has lauded India for achieving astounding growth and praised Prime Minister Narendra Modi's efforts to bring together the country as one.
"We expect that markets will be open to an equal degree on both sides and that private investment, not government planners, will direct investment", he said in a speech ahead of a summit of Asia-Pacific Economic Cooperation (APEC) leaders. "It's the largest democracy in the world", Trump said.
The Prime Minister, Shri Narendra Modi in a group photograph with the Indian Team that participated in Federation Internationale de Football Association U-17 World Cup, in New Delhi on November 10, 2017.
He added that the United States was ready to make a bilateral deal with any country in the Indo-Pacific region, but only on the basis of "mutual respect and mutual benefit".
Trump's statement about India came a day after his visit to China, where the United States signed commercial deals worth billions of dollars. He said competing with enthusiasm and spirit is the first step to success.
"We will confront the destructive practices of forcing businesses to surrender their technology to the state, and forcing them into joint ventures in exchange for market access", the U.S. president said.
China has already reacted cautiously over a proposal by the Trump administration for a working-level quadrilateral meeting with India, Japan and Australia, saying Beijing hopes that it would not target or damage a "third party's interest".