Bengaluru: Responding to US President Barack Obama raising concerns over "deteriorating" investment climate in India, government on Sunday said certain "international lobbies" were spreading such stories and he was not properly informed about the country's strong economic fundamentals.

"Certain international lobbies like Vodafone are spreading this kind of a story and Obama was not properly informed about the things that are happening, particularly when India's economic fundamentals are strong," corporate affairs minister Veerappa Moily told reporters in Bangalore when asked about Obama's remarks in an interview to PTI.

Opposition parties lashed out at Obama for his remarks that India prohibits foreign investment in too many sectors, with BJP saying the country cannot open its markets just because he wants it.

"If Obama wants FDI in retail and India does not want, then it won't come just because he is demanding it," was the terse reaction of BJP leader Yashwant Sinha said in Delhi.

Moily said the perception of deteriorating investment climate in India was not based on economic parameters, but on certain impression of few individuals, entrepreneurs and investors.