The N-deal may not solve any issue but it could solve many issues. India has missed the Electronic hardware bus, earlier it had a very delayed start on introduction of TV, automobiles (unless u consider Fiat, Amby seriously!) Mechatronics and even computerisation amongst others.
The N-deal can serve as an Apex agreement for security clearances, enabling India access to a wide range of technologies. But whether this happens or not depends on whether our politicians give priority to development over politics and take tough decisions to open up Retail, Insurance & Banking sector, land market infrastructure, remove various 'invisible' controls which come in the guise of corruption, infrastructure constraints, outdated laws etc..
We can go FAST FORWARD in Indian economic develeopment, thanks to this apex security clearance, but the leaders got push the accelerator pedal harder.