India has opened her markets to US capital. From $ 11 million4 in 1991, US FDI in India has soared to $ 5 billion5 in 2005-06, a 450 times increase in 15 years. US capital wants its government to reward India, of course, in a manner which will increase her dependence on the US. A list of US companies which were lined up by the US India Business Council to lobby the US Congress to approve of the "123 agreement" includes General Electric, Ford Motors, Lockheed Martin, Boeing, and Aerospace Industries Association.The deal wraps India more tightly in the embrace of US finance-capital and its strategic-military geopolitics.
The supporters of the deal are foretelling doom for the country if the deal falls through, because, we are told, as fossil fuels run out, nuclear energy becomes the alternative, and the nuclear programme requires import of fuel (uranium), the US being ready to export just what is needed.
