Once China manages to wean itself enitrely from Iran i don't see how India will be able to continue. There will be a UNSC resolution and we will have to comply. So much for having a bakcbone and resisting the world.
So i think we are just sitting on the fence.
We gave up the chance to have a larger say in 1948 due to Nehru when we lost the northern areas, our land bridge to Afghanistan.