This agreement will take at least 5 years before its going to be implemented. So in 5 years, the president of the US is most probably going to be democratic and the prime minister of India is going to be BJP. Given those dynamics, this agreement is mostly going to be short-lived. Trust the next GOTUS to reneg on the reprocessing agreement. Also expect them to demand Fissile Cutoff agreement. From the GOI side there will be heavy pressure to conduct another series of tests to validate the Indian H bomb design which was believed to be a failure (although scientists claim to have fixed the bug but military needs a series of successful tests to ensure a viable nuclear option). In effect to have a viable deterrent policy the nuclear devices have to be tested thoroughly. By just having 1 or 2 tests creates doubts not only in the military but also other powers. So in effect this agreement does what president bush says it does a. Caps the Indian nuclear program from testing more. b. Caps the Indian fissile material by restricting the number of fast breeder reactors. c. Caps the strategic Indian nuclear research by imposing real costs on the Indian Economy.
Also i sincerely doubt that the India will benefit from advanced US tech that easily. Remember even poodles like Australia and Japan have been denied tech and there are all kinds of provisions that US requires to prevent tech leaks. Although this has not been stated explicitly, this is one of the implicit effects po