International business law expert Jonathan Bench told The Epoch Times the deal signals that meeting its growth needs is the Indian government’s primary concern.
“Clearly the Indian government’s number one priority is continuing to provide comprehensive infrastructure to support its explosive growth in the coming decade,” said Bench.
The current deal has obvious geo-political ramifications. Bench said Asia watchers will continue to study how closely India aligns with the United States, Russia, and China on several fronts.
“From a geo-political standpoint, India cannot really afford to do without any of these countries in the near-term. It is not yet clear how much India will be willing to distance itself from Russian energy and weapons and Chinese manufacturing,” said Bench.