Economics India

Thursday, March 02, 2006

Congratulations Mr. Prime Minister

Congratulations to India and its Prime Minister, Mr. Manmohan Singh for reaching an historic understanding with the US President Mr. George Bush, on the US sharing its nuclear know-how with India.

The understanding when turns into a formal treaty will take India out of a five-decade old stalemet on NPT and allow it to secure new technology that is vital to generate much needed electricity to sustain India’s economic development including international competitiveness in the new era of globalization.

The new agreement will open doors for US and India to collaboaratively work on many other scientific fields including high-end electronics, biotechnology, space science, and nanotechnology.

Hopefully, the political battles both in India and US on the new necluear energy deal for civilian purposes will get sorted out soon. India loses nothing by separating its civilian atomic power plants from those engaged in production of military weapons to satisfy the World that India is taking all needed precautions to prevent proliferation.

India was consistent in saying that NPT was in principle discriminatory and without diluting this position, it has succeeded in securing a remakable deal with USA, thanks to the Prime Ministers political acumen and bold leadership.

7 Comments:

  • Yes, Ramesh, I join you in congratulating Prime Minister Dr. Manmohan Singh and his team for reaching crucial agreements with the US. India can contribute a lot to the technological progress in the world and India should use this comparative advantage in a forward looking way.

    By Blogger Chandrashekhar Ranade, at 10:44 AM  

  • I share your excitement. Given India's political economy, there will be a lot of debate on where to locate the new civilian nuclear plants and where to dump the nuclear waste -- the same kind of issues which US faced for the last over 30 years, which almost held up the country's civilian nuclear power development. But let us not worry about that at this moment -- that is another set of issues for another time to debate.

    By Anonymous Anonymous, at 10:46 AM  

  • Why are India's leftist parties so mad about Prime Minister receiving President Bush?

    By Anonymous Anonymous, at 7:00 PM  

  • Both political leaders are aware that opening doors of India means better chances of making money.
    What Bush said is "you provide me manpower and I will develop technology and I will sell it to you". British did the same thing. They got raw material from us and gave us finished products and looted this country. Bush is doing it in hightech area.
    There was no need to go for such deal

    By Anonymous Anonymous, at 10:43 PM  

  • Why are we fixated with Mr. Bush?

    Nuclear power is a short-term fix it leaves waste behind that has to be contained.

    We as a country is spending too much on defense and that takes away from development.

    Jemima Goldsmith

    By Anonymous Anonymous, at 5:21 AM  

  • Congratulations Dr. Deshpande

    Manmohan Singh

    By Anonymous Anonymous, at 3:17 PM  

  • All the above comments are indeed interesting and thought-provoking except the last one as I wonder why I am being congratulated?

    If one sees the outcome of President's Nixon's historic visit to China in early 70s, there is a reason for India's leftist parties to worry about President Bush's just completed visit to India.

    As for nuclear power, by 2025, India is expected to supply 25% of its total energy requirements from nuclear plants. As for the nuclear waste -- its disposal will be a real problem in populous country like India, with potential considerable environmental hazards.

    As for the underlying trade economics, I think Indians are quick to learn and can replicate any technology quickly
    and reliably and compete with the rest of the world -- if only they get organized.

    As to who will make money in these deals -- clearly the people must demand better governance, transparency and vigilance so that no one cheats no one.

    Clearly, all the points raised in the comments above have varied nuances and one can visualize where these are coming from.

    By Blogger Ramesh G. Deshpande, at 8:19 PM  

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