Every deal with the US comes with a set of cons. US is now a depleting power house, but still it always manages to get squeeze more out of every deals (at-least with India). Civil nuclear agreement is good for India, however there are fears that we might be force to sign NPT or CTBT.
The recent Hillary Clinton’s visit is seen with lot of optimism, there again US has dropped its caveats read on…
The United States generally reserves strategic dialogues for major countries like China, so this is a symbolic acknowledgment of India’s rising role in the world. Mr. Krishna said the dialogue would set a “new agenda for India 3.0” — an allusion to India’s high-tech prowess.
Behind the high-flown talk are some obvious economic considerations: the United States won India’s agreement to allow it to monitor the “end use” of military equipment and technology sold to India, to ensure it is not diverted to other uses or sold to other countries. The provision would pave the way for a proposed sale of 126 advanced fighter jets to India.
India also confirmed the two sites, in Gujarat and Andhra Pradesh States, for nuclear power plants to be supplied by American companies. The contracts, worth billions of dollars, are a key benefit of a civilian nuclear deal with India signed in the last days of the Bush administration.
The American companies, however, will not sign contracts until India agrees to shield them from liability above $450 million in the event of catastrophic nuclear accident. Indian officials told Mrs. Clinton they would press for the protection in the next legislative session.