Describing the Indo-US nuclear deal as a 'win-win situation' for both the countries, Principal Scientific Advisor to the Union government R Chidambaram on Friday said India's technology prowess in the nuclear domain was superior to the stagnated ones of many other countries.

"The world needs us just like we need them. It is a win-win situation," Chidambaram said.

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India and the US had on March 2 this year reached an understanding to implement the landmark nuclear cooperation deal to meet the growing energy requirements of the country.

"In many other countries, including some developed ones, nuclear technology has stagnated. But in India, it is growing at tremendous pace. It is a good deal, considering the global level of expertise we have," Chidambaram said.

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The agreement, which has to be ratified by the US Congress, ensures supply of nuclear fuel for India's nuclear energy programmes in exchange for permitting international inspections of its civilian reactors. Under terms outlined by officials of both governments, India can keep eight of its 22 existing reactors under wraps as military sites.