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Essay text:
After the 1979 Iranian revolution India-Iran relation got re-strengthened on their anti-USA stand.
Economically close relations with Iran is highly beneficial for India. In 2007, India-Iran trade crossed US$13 billion, an 80% increase in trade volume within a year. India’s biggest advantage lies not at commodity trade but, at oil and natural gas trade which can help cater to India’s growing energy needs. The India-Pakistan-Iran (IPI) gas pipeline was an encouraging step in this direction.
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NATURAL GAS CONSUMPTION IN INDIA
Politically India and Iran are both set to benefit from their ties but this is easier said than done...
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