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There is no need to conduct anymore tests, atleast in the near future; because growing economically and raising the living standards of one's own people is much more important then conducting some nuclear tests especially since the nuclear stand-off is already pretty much locked down.
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There is a need to conduct nuclear tests if we want to have a credible nuclear deterrent. It has been stated time and again that our nuclear deterrent at the moment has not reached a level of sophistication comparable to the N-5. To have a credible deterrent, our draft nuclear policy calls for a triad of air, land, and submarine based systems. Now these systems are practical only if we manage to reduce the size and improve the yield of our nuclear warheads. Even for MIRV use, our warheads need to be reduced in size.
Unless we test, all these technologies that are dependent on the quality of our warheads will count for little. At the same time, if we are denied spares for 200 planes because of nuclear tests, it will be a disaster.