Hindus revere monkeys which they believe are descendents of the monkey God Hanuman.
The two-foot tall, 15kg gold-polished, brass idol has been made as a present for Mr Obama because "he will be good for India if he becomes the next president," according to Brij Mohan Bhama, leader of the group.
Mr Bhama belongs to the ruling Congress party and also runs a textile mill in the western city of Mumbai.
'Monkey charm'
"We have heard that he carries a small monkey charm in his pocket. So he is a devotee of Hanuman. That's why we want to present him with this idol," he said.
