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Quad provides an amazing opportunity for Narendra Modi govt to get ahead of both the US & China using their rivalry for greater benefits for India is Narendra Modi succeeds in fine balancing.
One of the reasons, Modi agreed to Quad Leadership Summit is China's reluctance to disengage in other areas at LAC where troops are still facing each other.
Quad can be the tool for New Delhi to build pressure on Beijing to continue the disengagement process and complete it with de-escalation.
On the other hand, Narendra Modi can continue to give node to big Chinese investment projects in India in sectors other than core to Indian national security.
With US is extremely keen on working with India in its China policy and possibly ready to support India's aspirations, India can cut massive trade deal with the US to start with.
On the other hand, as a part of quad support structure, India can negotiate high-end technology transfer and military hardware.
The only contentious issue is Russia between the US & India, which should be ironed out with soft power discussions.
Narendra Modi is in a great position to leverage from the US-China fighting and can become massive supply-chain player as an alternative to China.