India, July 9 -- The India-Australia uranium deal couldn't have come at a better time. Amidst growing concerns (founded and unfounded) around ethanol-blended fuel in automobiles; rising kitchen costs partially owing to pricier gas; and a fresh wave of US-Iran clashes in the Strait of Hormuz, New Delhi's attempts to secure its energy sources have received a fillip with this significant development.

The uranium deal alone is enough to consider Prime Minister (PM) Narendra Modi's visit to Australia, a fellow member of the Quadrilateral Security Dialogue (Quad), highly successful. An additional investment of $346 million by Australia's largest pension fund, AustralianSuper, in India's National Investment and Infrastructure Fund (NIIF) and an...