There was absolutely nothing to allay the Pakistani fears, other than an unwarranted hype in the media which led to emotive reactions all across Pakistan, much like a story of smoke without fire!
Fact of the matter is India remains deeply interested in a FTA with the GCC which will give a huge boost to the bilateral trade between the two and certainly a big boost to Indian exports for which the UPA-II have very steep targets for their present 5year rule, which further helps gives boost to the SEZs and is expected to be completed soon.
Secondly India is to come up with Islamic banking a pre-condition of the arabs before they start investing in India at a much larger scale, and eventually with a nation building process underway and with India looking for an investment of over 1trillion usd in the infrastructure sector alone during the 12th 5year plan (2012-17), so it remains an on going process to attract investors from across the globe with Saudis being one of them (they are as important as any other who would like to invest in india, nothing beyond).
now this is a two way lane and in here just the way we are interested in their money the same way they remain interested in the roi their investments will generate to having strong relations in times to comes with an economic power which will be a force to reckon with if all were to go right for India, and after the 9/11, Saudis started looking beyond their traditional investment territories in the west and that is when they started pursuing stronger relations with India.
Other than economics there is not much that drives this relationship at least for now, India certainly has no emotional attachment with the Saudis as is the case with pakistan, and the little extra that happened was all thanks to the excellence we have gained in certain fields which helped bring that little extra, things like cooperation on science and technology, to IT, etc and beyond that the oil deal which happened had all the fine imprints of the Americans.
Now was there a need to be alarmist about all this, I seriously doubt.
What is more interesting, fascinating and also shocking is to hear the recently taken Pakistani official line as it shifts from one based on myths which was all about emotionally feeding the domestic constituency which helped keep the focus of the populace away from the real problems being confronted by Pakistan to one based on facts, the sudden admission of India not violating the Indus water treaty and the real fault lies with the weather gods and on their part on letting the water go unused to India just having 4 consulates in a’stan much like Pakistan has are a point in case. This sudden change in tone has been noticed post the just concluded Pakistan-US strategic dialog, wonder what transpired in that meet and what was the discourse given by the Americans, but one thing is sure the directives are coming from the general, whatever the case may be, it’s a welcome change for the good.