India-US energy deals: Will Modi flex his political muscle?
As the countdown begins for the much-talked about visit of the US President Donald Trump to India, what everyone is watching out for is whether Prime Minister Narendra Modi will bargain from a position of strength when he sits down to talk business with the American President.
Energy, particularly oil and gas, is one area where the US needs India as much as India needs the US. The only difference being India as a buyer and the US as the seller.
Today, India depends heavily on imports to meet its crude oil and gas requirements. According to latest data available, the US is among the top five suppliers to India, and is aiming to further strengthen its position. India, on the other hand, is looking for a seller which can give it assured supplies at a competitive price.
