India and Russia recently signed a significant agreement that has the potential to transform their relations and impact global politics. This agreement was signed during the 21st Annual Bilateral Summit between the two countries held on September 4, 2019.
The main highlight of the agreement was the signing of a USD 1 billion deal for the construction of two new nuclear power units in India. This deal marks a significant milestone in India`s bid to expand its energy capacities, and it is also an indicator of Russia`s strong commitment to supporting India`s development.
Apart from the nuclear power deal, the two countries also signed other agreements, including one in the field of space research and technology, where both countries expressed their desire to cooperate in areas such as satellite navigation and manned spaceflight.
This agreement comes at a crucial time in world politics, where the balance of power is shifting towards Asia as the United States of America continues to withdraw from its global engagements. India and Russia, both members of BRICS, are two of the major players in the region, and their partnership is crucial in maintaining a balance of power.
For India, this agreement holds significant importance as Russia has always been a strategic ally that has helped India in times of need, including during the Kargil War in 1999. The partnership between the two countries goes back to the 1950s, and it has only grown stronger over the years.
Moreover, the India-Russia partnership is also significant as it comes at a time when China`s influence in the region is growing. By partnering with Russia, India is also signaling to China that it is not alone in the region and that it has other strategic allies.
Overall, this recent agreement between India and Russia is a significant milestone that has far-reaching implications for the region and the world. As India prepares for the upcoming Union Public Service Commission (UPSC) exams, it is essential to keep an eye on such developments that have the potential to impact India`s foreign policy and strategic interests.