Mani-Talk: Nuclear Deal with Russia is No Reason to Celebrate

Mani-Talk: Nuclear Deal with Russia is No Reason to Celebrate
On the same day that visiting Russian President Vladimir Putin committed himself to supplying 12 nuclear reactors to India, oil prices slipped below $60 and look set to drop to a band between $35 and $40. This makes the nuclear deal less enticing than it might otherwise have been. For it underlines the impossibility of substituting nuclear power for petroleum in our energy basket. In present circumstances, Modi would have been better advised to ask Putin how he thought Russia might network India into an Asian gas and oil community to meet India's energy requirements than focus on nuclear cooperation.

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