Bienvenue to the Indian Nuclear Market

As I’ve suspected for a while, after doing the heavy lifting for clearing India’s return to the nuclear fold, America will watch France and Russia walk away with the lion’s share of the initial nuclear contracts handed out, expected to represent $100 billion over the next twenty years. In addition to an expected delay in Congressional ratification, American companies will have to wait for a liability convention to be drawn up before actively entering the Indian market. French and Russian nuclear producers, on the other hand, are nationalized, allowing them to use national sovereignty to shield themselves from liability in the event of an accident. Socialism has its advantages, I suppose.

More World Politics Review