Second largest reserve of Thorium, but a technology still in very nascent stages.It might take atleast 20 yrs for India to bring it to full scale production. I don't think we have that much time in hand. India badly needs power right now to continue the economic progress that we are experiening today.
FYI, US is going to transfer us technology, and not fuel (NSG does that).and BTW, whatever technology India has today, it was initiated by US under its 'Atoms for Peace' program in the 60's. If the world (including NSG) is against us today, it is because India secretly transferred that technology and fuel for nuclear tests in 1974 (under Indira Gandhi's rule).
Most of the Indians don't know our own political misdeeds and hence we keep blaming US for everything. US is our biggest supporter for the nuclear program and we must recognise that.