o Does not give India any unique status, but is identical to the agreement with non-Nuclear Weapons States, and quite different from one with the P-5.
o Does not guarantee fuel supply, but guarantees perpetual IAEA inspections.
o Does conform to US domestic legislation like the Hyde Act.
o Does not allow India, unlike the P-5, to unilaterally withdraw its facilities from intrusive inspections.
o Does not specify what 'corrective steps', if any, India may take in case of supply disruptions; to wit, there are no corrective steps.
The Americans are obviously considering this a coup for themselves, and I speculate they have several objectives, none of which is good for India:
1 mercantilist: To support companies like GE and Westinghouse which will benefit from the sales of reactors.
rediff.com/money/2008/jul/21bweek.htm
2 strategic: To keep India militarily weak as a precursor to prying loose the Northeast in an operation similar to how East Timor was detached from Indonesia.
3 tactical: To ensure that India continues to be as dependent on uranium suppliers as it has been on oil suppliers, which means outsiders have their hand on India's jugular, and the spigot can be turned on or off to keep India docile and obedient.
4 just plain opportunistic: To strike while the iron is hot, while their good friend controls the Indian government.
