Nuclear Energy Cooperation Agreement

Paper Summary:

This paper examines the background behind and the Indo-U.S. civilian nuclear energy cooperation agreement and also explains how this agreement between two countries affects the relations of the two nations with the rest of the world. It looks at how the deal marks a notable warming of U.S.-India relations and how it would lift the U.S. moratorium on nuclear trade with India, provide U.S. assistance to India's civilian nuclear energy program and expand U.S.-Indian cooperation in energy and satellite technology.

From the Paper:

"India has adhered to a socialist-inspired approach for most of its independent history, with strict government control over private sector participation, foreign trade, and foreign trade direct investment. Since the early 1990s, India has gradually opened up its markets through economic reforms by reducing government control on foreign trade and investment. Privatization of public-owned industries and the opening of certain sectors to private and foreign players have resulted in a competition among the top most corporations in the world. India, the second largest populated country has been attracting investors from around the globe (Bullock). The race of providing better services to such a huge population has received a major boost as the increase in Indian economy has increased the purchasing capacity of an average man in India."

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