Gandhi G in da house
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I'm not talking about directly supporting Argentina over Falklands, but over gradual passing of time it'll be beneficial for India to have an inclination with the latin american countries than UK, given that all of Latin American countries sides with Argentina over their claims on Falklands.
If you support Argentina over UK , your relations with the West will suffer not just UK . Ultimately lets face it , Latin America will not be more important than the West ( EU , Canada and America) anytime even in the distant future .Staying neutral ensures good relations with both sides . We anyway don't have any business in that part of the world at least as of now .