In the larger scheme of things, fiscal prudence is a good trait and the reduction in deficits desirable, yet an overtly ambitious approach of reducing deficits into a number game may lead to developments that may hurt us not only in the security arena but in economic growth as well.
The Right of Recourse embedded in the Indian nuclear liability law has ensured that more than four years after the NSG granted exemption to enable nuclear commerce with India, India has not been able to finalise a single contract with any of the countries with which it has signed nuclear cooperation agreements for any nuclear facility.
Unless Pakistan opens the NATO supply route, it is very unlikely that the US will transfer any coalition support funds, thus creating serious trouble for the aid-dependent Pakistani economy.
Ever since India and Pakistan conducted nuclear tests in 1998, Western media reports have constantly highlighted the dramatic increase in Pakistan's production of nuclear fissile materials and nuclear warheads. Reports published at end of January in the New York Times and the Washington Post are a case in point. These reports, quoting serving and retired US administration officials, mentioned that the latest US intelligence assessments have concluded that Pakistan has been steadily expanding its nuclear arsenal – particularly since President Obama took office in 2009.
If India ratifies the CSC, both the right of the operator for recourse against the supplier and any third party action against the supplier would be nullified, thus providing American companies a singular advantage.
This Brief elaborates the principles that need to be followed to evolve a criteria-based approach to enable India to join the NSG as a full member and contribute materially and substantially to a future non-proliferation regime that will be acceptable to the international community as a whole.
The US government has had a system to control exports through much of their history. In modern times, this aspect of export controls took a new meaning and role with the onset of the cold war in the late 40s.
This paper argues that the CSC does not confer any benefit to India and that it may in fact prove to be detrimental to Indian interests and why it should, therefore, not be signed.
India’s Defence Budget: Trends Beyond the Numbers
In the larger scheme of things, fiscal prudence is a good trait and the reduction in deficits desirable, yet an overtly ambitious approach of reducing deficits into a number game may lead to developments that may hurt us not only in the security arena but in economic growth as well.