India objected to further American sanctions on Iran in 2010. An Indian foreign policy strategist, Rajiv Sikri, dismissed the idea that a nuclear armed Iran was a threat to India, and said that India would continue to invest in Iran and do business.
Despite increased pressure by the US and Europe, and a significant reduction in oil imports from Persian oil fields in 2012, leading political figures in India have clearly stated that they are not willing to stop trade relations altogether. To the contrary, they aim at expanding the commodity trade with the Islamic republic.