if you don't know the history, don't blabber here!
After China conducted nuclear tests and acquired the nuclear weapon capability, the P5 came into existence. It happened well before India conducted the 1974 nuclear test. However, P5 was not supposed to expand further by those 5 countries and only they were allowed to conduct future tests and possessing n weapons without facing sanctions.
Of course, its a double standard. But, India is also getting good bargain without signing NPT as a non-nuclear weapon state.
After the deal, India can buy nuclear reactor components not only from USA, but form France and Russia as well.