India seems to be possessed right now. The lap down the nuclear road is picking up speed for the country. Recently, Russia agreed to build an additional nuclear power units at Koodankulam atomic station and the country plans to set up 40,000 MW of nuclear capacity by 2020. Next in line are Nuclear Parks for the government wherein each location will have up to eight reactors of 1000 MW each.
Currently, the decision to select contractors for setting up nuclear projects in India is with Nuclear Power Corporation of India Ltd (NPCIL), which is the monopoly nuclear power generator in the country.
But will this really solve the issue we are looking at?
The fact still remains that India's major problem is not power generation per se but oil imports to fuel hungry mechanical monsters the country runs on. With up to 70% of the imports being crude oil, experts argue how far will nuclear power plants help the country. Nuclear power application on mass scale is still nascent and India's major problem still remains it's transportation fuel requirement and not electricity. Moreover, with Australia refusing to sell uranium to India, the operational independence and cost of these nuclear stations in future would remain questionable.
Australia seems to be headed towards real stagnation in terms of growth in future. The next 4 years are very critical. Data from Global Insight shows that even though in absolute terms, the GDP will grow from US$ 1081.8 billion now to US$ 3279.7 billion after 2013, the percentage growth in GDP will be at the current rate of 3.2% annually till 2012, after which it will decline to 3.1% annually. 
Australia is trying to maximize on the tourism front to try and overcome this problem, but what adds to its predicament is that its share of world exports will stagnate at 1.1% till 2012 after which it will stand at 0.9%. Now that’s some serious problem in hand for any nation.
