Trump sent Juster's nomination to the US Senate and a confirmation hearing is likely to be held soon.
Juster, 62, played a key role in enhancing the Indo-US ties under the Bush Administration. He would replace Richard Verma as the top American diplomat to India if his name is confirmed.
The position has been vacant since January 20 after Verma put in his papers as Trump took over as the US president.
In the private sector, he has been a partner at the investment firm Warburg Pincus LLC, Executive Vice President at Salesforce.Com, and senior partner at the law firm Arnold & Porter.
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He has also served as Chairman of Harvard University's Weatherhead Center for International Affairs, and as Vice Chairman of The Asia Foundation.
Juster holds a law degree from the Harvard Law School, a master's degree in Public Policy from the John F Kennedy School of Government at Harvard, and a bachelor's degree in Government from Harvard College.