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Nuclear Deal
by saambha on Jul 11, 2008 06:59 AM

The essence of nuclear deal is to make sure that India continues on the path of high economic growth. High economic growth is directly tied to the availability of energy. Currently, we are dependent on oil and as the recent spike in oil prices indicate, this source of energy is not only costly, its availability cannot be guranteed. Most people know that oil will not last for infinity and many nations are gearing up to end their dependence on oil. This is what India is aiming for.
Nuclear power is a long term strategy for India, well thought out by the Prime Minister. He is the same guy who had the vision of economic liberalisation (although he was also forced due to the then dire conditions). I personally do not doubt his intentions behind the deal. We will realize the importance of this deal in the years to come. Not only does this gives us more muscle in world affairs, it ensures we have a viable alternative to oil and the bullying of opec. As far as left is concerend, they are the same guys who shouted murder after the 1991 liberalisation. They need to understand that their 1960s ideology needs to keep up with the times.

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