The nuclear deal if finally passed by the US Congree will definitely be a win-win deal for India as well as the US. It will most definitely prove beneficial to India keeping in mind its long term success in the global arena.
What India is likely to get is uninterrupted supply of nuclear fuel to meet its civilian energy needs, something India definitely is lagging behind. The deal offers India access to nuclear technology and reactors. In return, India will have to separate its civilian and military nuclear programmes and place the civilian part under international supervision.
India will also need to have safeguards in place to secure its military nuclear facilities from the prying American eyes. The US already has such a deal in place with China. But since China is a signatory to NPT, the deal with India is likely to be distinct and address its concerns. Safeguards are likely to be unique and India specific.
The deal still has to be approved by the U.S. Congress and agreed by the Nuclear Suppliers' Group.
What the US gets is an opening of the large Indian market to US companies, something that the US sorely needs to keep its capitalism driven economy up and running.
Today, the ME is increasingly turning its back on US products and increasingly turning to China. The countries of the East European Bloc, the Far East and some in the South Americas have tradionally been wary of the US. The US today needs newer markets to counter the shortfalls and open new vistas for American products and what better bet than the booming Indian market.
The US also needs to counter-check China's growing economic power and India with its tradional democratic model of governence, a vast pool of young educated work force, an growing middle-class with increasing spending capacity and its vast markets, makes India, the ideal candidate.
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