12 Things That India Achieved Due To Obama's Visit

In his talks with Indian Prime Minister Narendra Modi on Sunday, US President Barack Obama managed to remove the hurdles to operationalise the civil nuclear deal besides deciding to jointly produce military hardware and stepping up economic engagement. In what Obama called a "breakthrough", the two sides resolved key hurdles pertaining to the liability of suppliers of nuclear reactors in the event of an accident and the tracking of fuel supplied by the US. Below are 12 big pluses from the Modi-Obama arrangement:

1. Nuclear logjam broken.

The significance of the completion of the India-US nuclear deal cannot be overstated. Signed in 2005, with an NSG waiver in 2008, the deal in limbo for a few years.

2. India crosses nuclear liability hurdle.

Easier for companies to invest in India's nuclear power sector.

3. Funds flow of $4 billion.

Obama announced $4 billion of new initiatives to boost trade/ investment ties, jobs in India via Exim Bank and OPIC. Opened new source of financing for social development ventures with an Indian Diaspora Investment Initiative.

4. Clean energy boost.

The $4 billion deals include $2 billion of leveraged financing for renewable energy investment and $1 billion in loans for small medium businesses.

5. Made in the USA.

US Exim Bank will finance a billion dollars to support 'Made in America' exports to India over two years.

6. Make babudom accountable.

Creation of a high-level India strategic and commercial dialogue to monitor progress on pacts and vision statements. Will hold bureaucracy accountable on both sides.

7. Big agreements.

Start discussions on the Totalisation Agreement & bilateral investment treaty. Commitment from PM his office will track big projects.

8. Defence framework agreement.

Renewed for 10 years and Defense Technology and Trade Initiative operationalized with focus on co-development and coproduction in India for India and global market, should boost 'Make in India'.

9. Defence equipment co-developed in India.

The first four Raven mini UAVs, mobile hybrid power source, chemical/bio protection gear, roll on-roll off intelligence, surveillance modules for C-130J aircraft.

10. More on climate change.

Personal priority for both leaders. Indian industry working towards clean energy, US extends support in this mission, agreement reached on climate change issues.

11. Message to China.

Convergence on issue of East Asia-facing strategic initiatives. US, India and other Asia-Pacific countries to work to strengthen regional ties, sending China a strong message.

12. Tracking terror. 

Both to increase cooperation. Similar to the Sept statement, Pak-based anti-India terror groups named in joint statement. To share cyber threat information.