The just concluded Indo-US nuclear pact has elicted reatcions that range from Euphoria, to caution and even outrage. It is a rather confusing issue but like most its a matter of choices. If India chose not to sign, our nuclear industry would continue on its way in complete isolation. Being a nation without readily eavailable uranium , we would have to wait for the promised Fast breeder reactor technology(which runs on thorium, yeah we got that in loads) before we could think of nuclear power as a viable source of energy.
The Indian nuclear industry has done exemplary work, excatly how exemplary no one knows due to the secrecy and the fact that their accounts are not audited(I migth be mistaken on this one). Our civialian energy reuqirements compell us to look at nuclear energy. That being the case this pact is the only option. The downside, we wont have as much fissile material to make bombs.
Now exactly how much fissile material we have is not known, but I assume its enough to meet our strategic interests for the Manmohan Singh government to cotemplate this pact. There is no way this information can be obtained in the public domain, so we have to accept it as a matter of faith.
But the aspect of the pact thats being overlooked, is the level of trust and mutual respect on both sides. This bodes well for India's future since even the "Cholbe Na" communists must realise that our strategic interests at this point in history, intersect with the Hyperpower of our times.