India's defense and nuclear markets

India is planning to spend $100 bn over the next 10 years to modernize its military, so US and other countries' companies are all looking forward to that.

Also, Canada is about to conclude a nuclear deal with India.

Canada is close to signing a deal with India to sell nuclear technology and materials. Canada said it did not foresee any threat of Canadian materials being diverted to military uses elsewhere in the region because of India's commitment to allow inspections by the International Atomic Energy Agency as well as tough transparency and reporting requirements.

That's crap: Canada halted nuclear co-operation with India after the country diverted material from Canadian-designed reactors to make a nuclear bomb in 1974.

So the risks are the same today. The point is just that businesses don't care about those things.

The deal is made possible by the US-Indo nuclear deal last year that was signed by Bush to allow nuclear trade with India even if it has not signed the NPT. This Bush deal assists India's production of nuclear weapons.