As Iran is the fourth largest producer of oil,which we need

in large quantities to meet the demands of developing

economy therefore it pays to have a good relation with Iran.

Moreover it is also beneficial to have an ally in the

Middle East(a rather troubled part of the world)which does

not see eye to eye with organisations like the Al Qaeda.It

should also be noted that a Middle Eastern ally can also

help us understand the intricacies of the region.Hence

having an ally like Iran would be greatly beneficial to our

foreign policy and it is for these very reasons that India

is making ties with Iran.