India and the US have signed a historic 123 Agreement, which allows India the access to critical Nuclear Technology. This ends the decades-old embargo against nuclear trade to India.
Now, even after 60 years of Independance, there are several towns and districts in India, which still do not enjoy electricity. Infact, even in Metro cities, we have acute shortage of power and have to often resort to load shedding.
Needless to say, India will benefit from this deal. But I think it (Nuke deal) will benefit US more than India. Shortly after the Nuke deal was signed, India opened a Rs 42,000 crores defence tender for purchase of fighter Aircrafts. There are several competitors in fray. But, no prizes for guessing which country will bag the order.
Besides this, we may end up purchasing a whole lot of defence equipment from United States. This will definately help the United States more than us. As we all know, United States is on the brink of an economical slowdown. And this will go a long way in helping them improve their economy.
The other angle is the changing Global equations after the end of the Cold War. Russia is no longer the force it used to be. We can no longer depend on Russia to bail us out.
With a formidable enemy like China supporting Pakistan, we need a Superpower like United States to support us. United States needs us to keep a check on China and Pakistan and we need US.
I just hope that the rest of the country understands this and votes accordingly.
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